Many Russian refinery projects plagued by financing problems

09/07/1998
Mikhail G. RudinRaytheon Engineers & Constructors Puteaux, France Russina Refineries [197,629 bytes] The old Tuapse refinery urgently needs renovation. Lack of financing and uncertainty of Rosneft Co.'s status prevents acquisition of funding (Fig. 1 [34,868 bytes]). As part of its modernization program, the Ukhta refinery has several new tanks under construction (Fig. 2 [13,965 bytes]). A roundup of the status of Russian refinery projects reveals the country's modernization steps to meet quality-fuel production. The direction of Russian modernization programs in 1996 has previously been presented (OGJ, Aug. 18, 1997, p. 31). As they have been implemented, the pro...
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