Kstovo Refinery
 Satellite image in 2001 | |
  Location of Kstovo Refinery | |
| City |  Kstovo, Russia |
|---|---|
| Coordinates | 56°06′21″N 44°08′38″E / 56.10583°N 44.14389°E |
| Refinery details | |
| Operator | Lukoil |
| Commissioned | 1958 |
| No. of employees | ~2,400 |
| Website | nnos |
The Kstovo Refinery, also known as Lukoil-Nizhegorodnefteorgsintez (Russian: Лукойл-Нижегороднефтеоргсинтез) is a oil refinery plant in the Russian city of Kstovo, one of the largest in the country. This refinery has belonged to the Russian company Lukoil since 2001.
History
[edit]Soviet Era
[edit]In October 1950, the Soviet Council of Ministers approved a resolution for constructing an oil refinery near the city of Nizhny Novgorod.[1] The local councils then collected surrounding farmlands and began construction.[2]
On August 23, 1958, a celebration was held at the plant for the completion of construction, and the plant began sending off finished products.[citation needed]
Privatization
[edit]In the 1990s, following the dissolution of the Soviet Union, a private company was created to regulate the plant, called "Nizhegorodnefteorgsintez" (Russian: Нижегороднефтеоргсинтез). The production output in 1997 was at 12.3 million tons, and exported as far west as Hungary and east as Tatarstan.[3]
In 2001, the company became part of the large coporation Lukoil, and owned over 80% of its shares by 2006.[4]
In 2010, Lukoil made an investment worth $975 million to create a new complex at the plant, which was expected to increase production from 1.8 to 3.2 million tons per year.[5]
In 2022, the company made an investment worth 100 billion rubles to create a new complex for processing oil residue, which is expected to improve production.[6]
References
[edit]- ^ "Олег Юзифович «Вагит Алекперов и его команда: Заводчане. Книга вторая»" (PDF). Archived from the original (PDF) on 2016-03-04. Retrieved 2019-05-10.
- ^ "«Кстово: От села до индустриального города»". Kstovo city website.
- ^ "НОРСИ-ОЙЛ". АСМО Press. Archived from the original on June 16, 2003.
- ^ "Кстовский НПЗ приступил к размещению допэмиссии объемом более 3,5 млн. рублей". Novosti Poltava. November 10, 2006. Archived from the original on 2011-11-06.
- ^ "ОАО «Лукойл»". Lukoil.
- ^ "Инвестиции будущего: во что вложатся инвесторы в Нижегородской области" (in Russian). newsnn.ru. Archived from the original on March 31, 2019.