21 Jul '09
The prospective Primorsky oil refinery in the port of Nakhodka will have the capacity of 20 million tons of oil a year at the inception phase and up to 30 million tons later, Rosneft president Sergei Bogdanchikov announced today.
The estimated cost of the project is between $5bn and $7bn, he said.
The new factory will reportedly export 90% of its products.
In April 2009 the RF government decreed construction of a branch line to the oil refinery site from the East Siberia – Pacific (VSTO) oil pipeline. The Primorsky refinery will be reportedly built three-four kilometers away from the Kozmino oil-loading port, VSTO’s terminus.