Manufacturing Industry
RUSSIA: Construction plans regarding proposed oil refinery are presently under discussion, OAO LUKOIL [Russia].
WWP- Report on Oil Gas & Petrochemicals in the Developing World, August, 2006
PROJECT OVERVIEW
Russia, second only to Saudi Arabia as an oil exporter, produces about 9.5 million barrels per day (b/d) and exports about 5 million b/d of crude and 100 million tons of refined products. Nevertheless, the Russian government has called on the country's oil firms to build refineries on the Baltic Sea and the Pacific in order to boost domestic oil processing and cut crude oil exports.
Primorsk is presently considered to be Russia's largest crude export outlet. As a result, the local OAO LUKOIL is currently said to be considering the construction of a new refinery at the site. Primorsk is the final point of Transneft's Baltic pipeline system, which has an annual capacity of 65 million tons and pumps crude oil from West Siberia and the...
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