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Rosneft and Maire Tecnimont agree to implement an investment project at the Ryazan Refining Company’s Site

28 October 2021

During the ХIV Eurasian Economic Forum in Verona, Rosneft and Maire Tecnimont signed an agreement of intent on implementation of the investment project "Construction of VGO Hydrocracking Complex" at the Ryazan Refining Company’s (RORC) production site.

The project involves a full range of works related to the design, supply of equipment and materials, construction, start-up and commissioning, and project finance services.

The VGO hydrocracking complex will enable RORC to increase refining margins by converting dark petroleum products into Class 5 light commercial petroleum products (gasoline, kerosene, diesel fuel). The complex includes hydrocracking units, hydrogen units, elemental sulfur production units, and off-site facilities. All equipment has high environmental performance characteristics.    

The project uses modern, highly efficient technology and equipment with an automated control system to improve the carbon efficiency of the investment project.

Rosneft is implementing an unprecedented program to upgrade its refineries. Since the program started, more than 900 billion rubles have already been invested, and 23 major units and refinery complexes have been built and reconstructed, allowing the Company to significantly increase production of Class 5 gasoline, diesel fuel and to fully meet the needs of the domestic market.

For reference:

Ryazan Oil Refining Company, a subsidiary of Rosneft, is one of the largest Russian refineries by volume of refining and production output.

The refinery produces a wide range of high-quality petroleum products: motor gasoline, including the environmentally friendly Euro 6 gasoline, diesel fuel, aviation kerosene, road and construction bitumen etc.

Maire Tecnimont, listed on the Milan Stock Exchange since 2007, heads an industrial group which leads the global natural resource transformation market (downstream oil & gas plant engineering, with technological and executive expertise). Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition. The Maire Tecnimont Group operates in approx. 45 countries.

Information and Advertising Department
Rosneft
October 28, 2021

These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.