Gazprom ready to invest in Murmansk oil refinery
Russian gas major Gazprom plans to invest $3-7 billion in an oil refinery in the Murmansk area.
The refinery, which probably will be located near the city of Murmansk, will get oil from fields in the Timano-Pechora basin – Prirazlomnoye, Dolginskoye, Varandeyskoye and Medynskoye. In the future, the Shtokman gas field and fields on the Yamal Peninsula can be included in the list.
- We are considering three options for the oil refinery, General Director of Gazprom Neft Shelf told RIA Novosti. – If the capacity of the refinery is going to be 5 million tons annually, then our investments will be $3-4 billion. If it’s 10 million tons, then they might be as high as $6-7 billion.
According to Mandel, Gazprom is now preparing a feasibility study for the refinery. - If we come to a conclusion, we will be able to deliver oil products directly to customers from the refinery, he said, adding that oil from the Prirazlomnoye field will go directly to exports the first two years. Production at the field is planned to start in 2012.
