• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 8 hours Is the oil & gas industry on the way out?
  • 6 hours In a Nutshell...
  • 11 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 3 days No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 44 mins COVID is real now
  • 6 hours Australian renewables zone attracts 27 GW of solar, wind, battery proposals
  • 2 days Where is Alberta, Canada headed?
  • 2 days Putin Paid Militants to Kill US Troops
  • 3 days A Real Reality Check on "Green Hydrogen"
  • 16 hours Why Oil could hit $100
  • 3 days During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 3 days The Coal Industry May Never Recover From The Pandemic
  • 4 days Why Wind is pitiful for most regions on earth

Largest Independent Russian Refinery Back In Action After Months Of Inactivity

Russia’s biggest independent oil refinery, the Antipinsky Refinery, aims to double its production in August compared to July, when it resumed operations after a bankruptcy and restructuring took it offline in April.

The Antipinsky Refinery is on track to process up to 550,000 tons of crude oil this month, more than double compared to the 200,000 tons of crude it processed last month, the oil refinery’s general manager, Maxim Andriasov, told Reuters. 

The Antipinsky Refinery said on July 19 that after nearly three months of downtime, the oil refinery resumed operations.

“Facing a financial squeeze caused by inefficient solutions of the former management as well as by misguided actions of some off-takers (traders), in April the refinery has been put into recycle mode. Oil delivery to the refinery was suspended, production output discontinued,” a statement from the oil refinery read.

In May, the refinery—which is the only oil-processing plant in the Tyumen region and Ural Federal District and the largest independent refinery in Russia—filed for bankruptcy, after a court in London ordered in April the refinery’s assets frozen because it didn’t have the money to pay for the crude oil it was delivered.

Sberbank, the main creditor of the refinery, bought in June 80 percent in the Antipinsky Refinery. Sberbank is in the joint venture SOCAR Energoresurs together with Azeri energy firm SOCAR.

The Antipinsky Refinery, which has the capacity to process 181,000 bpd according to Reuters estimates, will process crude oil supplied by

SOCAR Energoresurs, it said last month, adding that “Such arrangements will keep the company running and maintaining its investment attractiveness.”

The general manager Andriasov told Reuters that Russian oil company Surgutneftegaz would be the primary crude supplier to the plant.

Last month, the former owner of the Antipinsky Refinery, Dmitry Mazurov, was arrested upon returning to Russia, Mazurov’s company said, adding only that he was a suspect in a criminal investigation and without giving further details.

PS: Our Oil & Gas Insider this week gives our readers a look 'behind-the-scenes'  at Russia's Antipinsky refinery

By Tsvetana Paraskova for Oilprice.com

More Top Reads from Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News