Gazprom Neft plans to reach record refining volume in 2022

MOSCOW, 8 Sep — PRIME. Gazprom Neft plans to increase oil refining in Russia by seven percent in 2022, to a record over 41 million tons, Oleg Vedernikov, director of the company’s oil and gas processing directorate, said.

“By the end of 2022, we plan to reach a record volume of oil refining at the company’s Russian refineries — more than 41 million tons. This is 7% higher than the level of pre-pandemic 2019. Modernization projects, including the Euro+ complex of the Moscow Refinery, will provide the growth dynamics necessary for the market and a complex for deep oil refining at the Omsk Oil Refinery,” the businessman said.

He stressed that plans to modernize all Russian oil refining assets remain.

In the first half of the year, the refining rate increased by three percent compared to the same period in 2021, Vedernikov added, without specifying the volume. The Omsk and Moscow plants made the greatest contribution to the dynamics.

The top manager pointed out that the company, if necessary, can quickly adjust the balance of the basket of petroleum products, increasing one or another type of fuel to meet the domestic market.

As for the Moscow Refinery, in the first half of the year, oil refining at it amounted to 5.9 million tons, which is almost three percent higher than in the same period last year, Vitaly Zuber, General Director of the enterprise, said.

Gazprom Neft owns two oil refineries in Russia – Moscow and Omsk, and also, together with Rosneft, the Slavneft-YANOS refinery. In addition, she has a controlling stake in the company NIS (“Oil Industry of Serbia”), which owns a refinery in the Serbian Pancevo.