21 May '09
$1bn reconstruction of the Khabarovsk oil refinery will be completed in early 2012, Musa Bazhaev, president of the Alliance group of companies, announced today.
Alliance reportedly owns the oil refinery.
According to Mr. Bazhaev, the upgrade was launched in November 2007. Spanish engineering company Tecnicas Reunidas was contracted to perform $800m worth of work.
The contract reportedly included construction of a hydrogenation complex.
In 2008 the Khabarovsk oil refinery processed 3.34 million tons of crude oil, the report said.