Tatneft plans to receive RUR34.1bn (US$1.26bn) of Investment Fund money towards the construction of a petrochemical complex in Nizhnekamsk. The total estimated cost of the project is RUR130.3bn (US$4.83bn). The project has received a positive assessment from the ministry providing for the construction of a production complex to include two oil refineries and one petrochemical plant with a capacity of 7m tpa of sour crude oil along with infrastructure facilities.
The board of directors of Nizhnekamsk Oil Refinery has confirmed BNP Paribas as international financial consultant and the company Allen & Overy Legal Services - as legal consultant for a project to build the complex.
24-May-06 
