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Zarubezhneft will buy the first refinery in Russia

11.04.2011 11:12
  Zarubezhneft will buy the first refinery in Russia
Zarubezhneft started talks about buying Novoshakhtinsk plant products (NZNP). On April 11 this newspaper Vedomosti. Novoshakhtinsk refinery will become the first processing enterprise among the Russian company's assets.

According to various estimates, the value of the company ranges from $ 500 million to a billion. The reason for selling - lack of mill owners (Agrarian Party Yug Rusi) resource base.

Construction Novoshakhtinsk refinery built since 2004 to 2009. Design capacity - up to 2.5 million tonnes of oil refining in the year. Abstraction from the main pipeline for the company has built Rosneft. In early 2010, Rostekhnadzor tried to withdraw from NZNP license to use explosive manufacturing facilities, citing the "illegal" coming from the refinery of oil.

Shares of Russian companies Zarubezhneft belong to state property. Zarubezhneft was created in 1967 for mining and construction of oil facilities in Algeria, Vietnam, India, Iran, Syria and Cuba. In 2010, the company won a competition to develop 13 fields in the Nenets Autonomous District. Subsidiaries Zarubezhneft also engaged in the mining of raw materials in Russia.