OIL REFINING

Neft Magistral refines 80 percent of oil produced and is committed to the constant improvement of its efficiency. Modernisation of the company’s refineries is bringing the company ever closer to its goal of achieving 95-percent refining depth by 2020. Neft Magistral holds shares in several mini-refineries in the territory of the Russian Federation, where the refining volumes in 2014 totaled 1.9 million tons.

The Company also manufactures petrochemical products in Russia at Volgograd polymer plant, which specializes in production of ethylene, propylene and polyethylene. The capacity of thermal decomposition unit – the main processing plant of the enterprise – makes up 300 thousand tons of ethylene per year.

In March, 2015, the Company acquired the petrochemical holding SANORS (Novokuibyshevsk Petrochemical Company). NPC is a major producer of gas processing, petrochemistry and organic synthesis products in the territory of Russia and Eastern Europe. Neft Magistral is actively developing the production of oils.

The basic production sites are Novokuibyshevsk Oils and Additives Plant, oils production facility in Volgograd Petrochemical Company, Moscow Plant Nefteprodukt and oil plant OOO RN-Lubricants, Ryazan, and the refinery of OAO Slavneft-YANOS (ownership interest). The summary capacity of these enterprises exceeds 700 thousand tons per year in commodities, specifically, it makes up over 500 thousand tons of oils per year.