Primorsk Refinery (feasibility study)

The project for construction of the Primorsk refinery, which is currently being evaluated by the Company, has strategic importance, both for Rosneft and Primorsk Territory (the region on Russia’s Pacific coast, where the refinery is to be located).

The Primorsk refinery, with a petrochemical section and total annual refining capacity of 20 mln tonnes (150 mln barrels) of crude oil, is planned to be built at the end point of the Eastern Siberia – Pacific Ocean pipeline. Refining depth will be at least 95%. Priority will be given to production of those refining and petrochemical products that enjoy greatest demand (diesel fuel, jet fuel, polypropylene, paraxylene). The main markets for outputs will be countries in the Asia-Pacific region that can be easily reached thanks to proximity of the refinery to export ports and main sea transport routes.

The refinery will be built to a ‘clean production concept’ (hermetic storage and delivery systems, a smoke- and noise-free flare system, hermetic sealing of purification equipment, a closed system for water use and an automated system for production control and eco-monitoring) to minimize environmental impact of the refinery.

OJSC RN-Primorsk Refinery was created as a subsidiary of Rosneft in October 2008, and first investments in the project were carried out by the end of the year. Construction of the refinery is planned to be in two stages over a period of 4-6 years.