Yakutia expects Gazprom to build oil refinery as part of Chayanda's development
YAKUTIA. Aug 31 (Interfax) - Yakutia hopes to see Russian gas giant OJSC Gazprom build oil refinery for the production of motor fuel with up 1 million tonnes in capacity a year in the framework of the development of the Chayanda oil and gas condensate field, the Yakutia government said in a statement.
A working group of specialists from Gazprom, LLC Gazprom Invest Vostok and LLC VNIPIgazdobycha held several meetings with the Yakutia government and representatives of local companies on August 29-30 during which they verified Gazprom's gas and oil production plans, as well as the capacity and location of future gas processing and gas-chemical facilities in Yakutia.
"The participants concur that the construction of oil refining capacity able to produce up to 1 million tonnes of motor fuel a year is necessary in Yakutia for the republic's internal needs," the statement said.
The Yakutia government told Interfax that the refinery would be built in the Aldansky district around 2015 after Gazprom starts to produce oil at the Chayanda field in 2014.
"Gazprom specialists have agreed that the republic's demand for motor oil in the future might increase to 3 million-4 million but they've decided to start at 1 million tonnes a year," the Yakutia government said.