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The Company is implementing the most ambitious program for modernization of its refining capacities in Russia, which includes over 50 projects for construction and reconstruction of key process units and complexes.
The modernization program is aimed at a significant increase in refining depth, light product yields, and output of high-quality motor fuels to ensure that the Company's sales channels are supplied with petroleum products that meet the requirements of the Technical Regulations of the Customs Union.
As a result of the completion of a number of modernization projects as well as technical upgrades of existing units in 2015, a full transition to providing the Russian market with motor fuels of K5 ecological class was made within the timeframe established by the Technical Regulations.
Most of the ongoing projects of the program are at an active stage of implementation: most of the equipment has already been purchased and construction and installation works are underway.
Completion of modernization program will ensure the increased competitiveness and profitability of the Company's Russian refineries.