RUSSIAN REFINERY UPDATE TO EMPLOY ISOCRACKING UNIT

Chevron International Oil Co. and technology marketing partner ABB Lummus Crest will license technology and provide basic engineering design for modernization of one of Russia's largest refineries. The subject of an agreement signed in late January at St. Petersburg, it is Chevron's first major technology license in Russia. The refinery, about 70 miles southeast of St. Petersburg, is known as Kirishi. It is operated by the joint stock company Kirishinefteexport.

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