Newstream refinery antipinsky russia3/15/2023 Transneft has also bought the basic ready-to-install refinery equipment from US firm Petrofac, for a nominal throughput…īut let’s take it one step at a time. Transneft, the Russian pipeline transportation monopoly has toyed with the idea of building a refinery along its major trunk pipeline from Western Siberia to Europe in the mid-1990s – it has already chosen the spot, a tiny village (Antipino) a couple hundred meters from the trunk pipeline, as would-be location. The Antipinsky refinery was commissioned in 2006, and for quite a long time it seemed like the quintessence of the capitalist Russian dream, an initiative carried out by an enterprising young university graduate who managed to put some well-connected officials around the project. Truth be said it is not often that one perceives a hitherto independent oil refinery being taken over by a state bank.īut let’s take it one step at a time. Yet Russia has been witnessing a peculiar case of bankruptcy entailing the Antipinsky refinery, one of the most recent additions to the nation’s downstream segment. Because refineries are long-term projects feeding the needs of regions and nations, rarely does one hear about refineries being held captive to protracted ownership disputes or being suffocated by governments. ![]() Refineries might seem pillars of stability in very volatile oil markets – trading companies unbacked by downstream assets are frailer than the others as they cannot stand on both feet, vulnerable to market shocks and recessions.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |