Russian government looking to facilitate modernisation of refineries

Apr 27, 1999 02:00 AM

On the initiative of the Fuel and Energy Ministry, the Russian government may resume granting export quotas to oil companies to facilitate modernisation of refineries. The oil-refining industry's problems were discussed by the Fuel and Energy Ministry's collegium at its most recent session. Deputy Fuel and Energy Minister Viktor Kolyuzhny said that oil refining dropped from 296 million metric tons to 156 million metric tons in Russia over the past 8 years, even though the figure should be kept at the level of 190-220 million metric tons to guarantee national energy security.
LUKoil Vice President Vyacheslav Bazhenov believes that, to improve the situation, it is necessary to revise policy to focus on renovating existing refining facilities rather than making new ones operative.
Meanwhile, mini-refineries are being built on a large scale in the provinces under the auspices of local authorities. According to Kolyuzhny, more than 30 such refineries, with an aggregate capacity of 2.5 million metric tons, are currently in operation. More facilities, with a capacity of another 20 million metric tons, are expected to be made operative without adequate account for environmental protection or future product quality.

Source: VREMYA MN via NewsBase
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