Russia's state-owned oil major Rosneft plans to invest 560 billion rubles (US$14.9 bln) in the construction of the first stage of its Eastern Petrochemical Company (VNKhK), as per CEO Sechin, as reported by ITAR-TASS.
“We have coordinated the approval of the project’s first stage at about 560 billion rubles of investments, which envisages the constriction of the first oil refining line with a 12 million tonne capacity for VNKhK. Transneft will plug us into the main pipeline,” Sechin said.
He added that the total processing capacity will amount to 30 mln tons, including 12 mln tons of oil of the second line’s capacity and 6.7 mln tons of petrochemical capacity.
03-Sep-14 
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