Gazprom Neft commissions $1.3bn Euro+ complex at Moscow Refinery

WCN Editorial Team 24 Jul 2020 EUROPE ENERGY & UTILITIES

Gazprom Neft has announced the commissioning of the new RUB98bn ($1.3bn) Euro+ complex at the Moscow Refinery located in Russia.

The Euro+ facility is said to be a key project under Phase II of the Moscow Refinery’s modernisation programme, which started in 2011.

Commenting on the launch, Russia President Vladimir Putin said: "This launch marks the completion of a crucially important major project. I should stress that, with the commissioning of the Euro+ complex, 80% of the Moscow Refinery will now have been modernised.

“And, in this case, not only have production and other facilities been built and upgraded — new, modern treatment facilities have also been constructed, and regular air-quality monitoring has been put in place.

“All of which is setting game-changing environmental standards, and improving people’s quality of life.”

Gazprom Neft expects the total investment in Moscow Refinery upgrade project from 2011 to 2025 to reach RUB350bn ($4.9bn).

Gazprom Neft CEO and management board chairman Alexander Dyukov said: “This complex brings together modern oil refining technologies, some of the highest levels of automation in the industry, and innovative digital solutions.

“We will be continuing our development of the Moscow Refinery: Phase III of our modernisation programme will be directed at further improving environmental friendliness, and refining depth (the ‘conversion rate’).”

The Moscow Refinery’s Euro+ facility is designed to enable the production of highly marketable gasoline and diesel fuels, as well as the production of aviation kerosene while reducing environmental impacts.

The Euro+ facility commissioning follows the decommissioning of Moscow Refinery’s five obsolete previous-generation installations.

Russian Minister for Energy Alexander Novak said: “This launch will also facilitate an increase in exports of these products — something that is fully consistent with the objectives the President has set for the refining industry, and fully consistent with the Presidential Decree on National Projects signed just two days ago.”

-----------------------------------------------------------------------------------------------------------------------------------------------------
Russia President Vladimir Putin during the official launch of the Euro+ complex at the Moscow Refinery. (Credit: kremlin.ru/Gazprom Neft PJSC)

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2020 GlobalData. All rights reserved.