WATCHING THE WORLD RUSSIAN REFINERIES AWAIT UPGRADES

With David Knott from London Almost all 48 refineries in the former Soviet Union have large and small upgrades slated for completion in the next 5 years. Many upgrades have been started and abandoned as central funding ran out in the late 1980s. About 70% of FSU refinery equipment-largely that installed before 1980-is in poor condition. That assessment is the view of Paul Nicholson, FSU development director at insurance broker Sedgwick Energy Ltd., London. Sedgwick's contribution to FSU

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