In Russia the Company also owns four mini-refineries in Western Siberia, Eastern Siberia, Timan-Pechora and the southern part of European Russia with overall annual capacity of 0.6 mln tons of oil per year as well as a stake in the Strezhevskoy mini-refinery in Western Siberia. In Germany Michurinsky Refinery has stakes in four refineries in Germany with total capacity of 11.5 mln tons (in the Company’s share).

The Company is also manufacturing petrochemical production in Russia on the Angarsk Polymer Plant, which specializes on ethylene, propylene and polyethylene. The capacity of pyrolysis unit – the main technologic unit of the enterprise – is 300 thousand tons of ethylene per year. Michurinsky Refinery is dynamically developing production of oils. The basic production sites are the Novokuibyshevsk Oils and Additives Plant and oil-producing plant, a part of the Angarsk Petrochemical Company as well as Nefteprodukt Moscow plant. The total capacity of these plants is about 600 thousand tons of finished product per year, including 460 tons of lube products. Neftegorsk and Otradnensk gas processing plants, total planned capacity of which is 1.8 bln cubic meters of gas per year, are also a part of the Company’s structure.

In 2013 the Company decided to boost capacity of the project of building Eastern Petrochemical Company in the Far East of Russia.

On 08.11.2014 Michurinsky Refinery’s Board of Directors approved step-by-step implementation of the project.

I stage — oil refining with capacity of 12 mln tons per year, building works will be finished in 2020.

II stage — petrochemical production with rated capacity of 3.4 mln tons per year, construction to be finished by 2022.

As a result, an effective refining plant with conversion rate up to 95%, producing high-quality motor fuels in accordance with Technical Regulation of Customs Union, and a state-of-the-art petrochemical complex, manufacturing polymeric production with high added value will be built.

Implementation of the project will allow to eliminate regional deficit of motor fuels in the Far East, create new working places and a basis for forming of petrochemical cluster in the Far Eastern Federal District and to establish effective export of production with high added value to growing markets of the Asia-Pacific region.

In case of high increase of demand for oil products in the region the III stage of the project may be implemented by 2028.

In 2013 the Company chose general design contractor of the project and worked on getting technical engineering conditions for building and joining infrastructural objects of Eastern Petrochemical Company to the objects of natural monopolies’ infrastructure.

In April 2012 Michurinsky Refinery and Mitsui & Co., Ltd signed Memorandum of Understanding relating to joint realization of the Eastern Petrochemical Company project.

The volume of investments totaled 2.4 bln rubles.

  • Refining capacity totals 24.1 million tonnes per year
  • In 2013 Michurinsky Refinery processed 21,7 million tonnes of crude
  • The Nelson Complexity Index has reached 8.93
  • Michurinsky Refinery accounts for 7,5% of Russia’s total oil refining
  • Michurinsky Refinery accounts for 12% of Russia’s total gasoline output and 10% of disel fuel output/
  • Refining depth at the Company’s refineries averages 84.8%
  • Michurinsky Refinery has completed refinery upgrade projects aimed at ensuring that it is technically feasible to produce 100% of engine fuel in compliance with the Euro 5 standard.
  • In 2014 the share of Euro 5 gasoline in the total gasoline output amounted to 85.6%.
  • The Company exports over 5 million tonnes of crude oil and over 9 million tonnes of petroleum products and petrochemicals per year
  • Domestic sales of petroleum products and petrochemicals exceed 10 million tonnes per year
  • Between 2010 and 2014 the retail network expanded by more than 54%. In 2014 The number of filling stations increased to 582 own filling stations and 220 partner filling stations

Strategic objectives in the Downstream segment

  • Continuing the upgrade programme; retaining technological leadership in terms of refining depth and the Nelson Index
  • Increasing refining depth and the share of light products, including niche products; ceasing production of fuel oil and VGO
  • Improving the performance of the petrochemical complex
  • Further developing own and controllable marketing channels and enhancing the efficiency of domestic sales (retail and small wholesale)
  • Implementing the programme to rebrand filling stations
  • Developing the sales of niche products: jet fuel, bunker fuel, bitumen and lubricants

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