Prospects and Estimated Development of the Russian Refining Industry

Oct. 5, 2010 - PRLog -- Russian Refining and Exports of Oil Products

Development of world economy stipulates growing demand for high-grade motor fuels and other oil products. This is a real challenge for the Russian refining sector. For the last 10 years the average processing depth within the industry has increased by a bare 1.5%, with the industry growth mainly attributed to the increase in low-grade gasoline, diesel fuel and fuel oil. Only 40% of fuel produced in 2009 met Euro-2 standards, while just 9% complied with Euro-3 requirements. Besides, there is a growing need to switch exports to Asia-Pacific, where a substantial 50% increase in demand for oil and oil products is expected in the coming 10 years. ( http://www.bharatbook.com/detail.asp?id=152296&rt=Russian-Refining-and-Exports-of-Oil-Products.html )

In order to meet new economic challenges and international standards Russia’s refining industry should take decisive investment and technological steps, in particular:

* increase refined volumes from the current 235 mln tons to 258 mln in 2015 and 318 mln in 2030
* increase processing depth from the current 72% to 78% in 2015 and 86% in 2030
* increase production of light products from 57% in 2009 to 63% in 2015 and 69% in 2030
* boost gasoline production meeting Euro-4 standards, while overleaping the Euro-3 stage in order to avoid redundant upgrade of refining capacities

RUSSIAN REFINING AND EXPORTS OF OIL PRODUCTS delivers thorough examination of:

* key driving forces for production, consumption and exports of oil products from Russia up to 2015
* key industry players; refining capacities; reconstruction and upgrade programs for Russian refineries
* exports of Russian oil products and outlook to 2015
* oil products’ existing export infrastructure and its future development

For more information kindly visit : http://www.bharatbook.com/detail.asp?id=152296&rt=Russian...               
      
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