Rosneft: Rosneft and Maire Tecnimont agree to implement an investment project at the Ryazan Refining Company’s Site

During the ХIV Eurasian Economic Forum in Verona, Rosneft and Maire Tecnimont signed an agreement of intent on implementation of the investment project “Construction of VGO Hydrocracking Complex” at the Ryazan Refining Company’s (RORC) production site.

The project involves a full range of works related to the design, supply of equipment and materials, construction, start-up and commissioning, and project finance services.

The VGO hydrocracking complex will enable RORC to increase refining margins by converting dark petroleum products into Class 5 light commercial petroleum products (gasoline, kerosene, diesel fuel). The complex includes hydrocracking units, hydrogen units, elemental sulfur production units, and off-site facilities. All equipment has high environmental performance characteristics.

The project uses modern, highly efficient technology and equipment with an automated control system to improve the carbon efficiency of the investment project.

Rosneft is implementing an unprecedented program to upgrade its refineries. Since the program started, more than 900 billion rubles have already been invested, and 23 major units and refinery complexes have been built and reconstructed, allowing the Company to significantly increase production of Class 5 gasoline, diesel fuel and to fully meet the needs of the domestic market.