The Angarsk Petrochemical, also known as Rosneft Angarsk Refinery, is an oil refining company founded in August 1993. It is capable of refining 16.4 million tons of oil. In 2006, Rosneft Angarsk Refinery was able to process 8.7 million tons of oil, and, in effect, was able to produce 1.8 million tons of fuel oil using a 53% capacity utilization rate.
The oil refinery is deemed one of the largest oil refining plants in Russia, and is highly considered as a major distributor of petroleum products in Siberia, and even in the Far East.
Company Positioned to Increase Depth of Refinery
The refinery is equipped with units that serve various purposes, such as distillation, hydro-treatment and reforming of diesel fuels. It is also versatile when it comes to the types of oil commodity that it can produce. Examples of such oils are GOST 305-87 diesel fuel, which contains 0.2% sulfur, and Euro-2 gasoline. In the course of five years, the refinery was able to increase its degree of oil refining from a satisfactory 73.5% to an improved 78.1%. Despite this major improvement, the company continues to aim for better depth of refining, going for an impressive 90%. This goal is part the Rosneft’s major project as it expands by building a gas-to-liquids (GTL) facility.
Rosneft Pushes for the Building of GTL Facility
Angarsk Refinery used to be an asset of Yukos, but Rosneft acquired the company in May 2007. Rosneft is an integrated oil company owned by none other than the Russian government. It wants to improve on the plant’s production by putting forward the GTL facility project, which is estimated to cost about $1.3 million. The facility is expected to begin operations in 2013.
To make the project possible, Rosneft has started collaborating with Gazohim Techno, which is a firm specializing in Russian technology commercialization. The refinery owner has also sought the help of Oxford Catalysts to provide their Fischer-Tropsch technology to the project. The facility is supposed to be able to handle 10 million cubic meters of natural gas a year. This load should be able to ensure the production of a hundred barrels of synthetic crude oil per day.
GTL Facility Seeks to Improve General Operations
The facility not only seeks to increase the depth of oil refinery in Rosneft Angarsk Petrochemical but also aims to reduce flaring. It is also set to efficiently utilize associated gas. The commercial plant is being designed to convert even the most problematic or unconventional gases into useful products, such as synthetic crude oil and premium quality downstream oil commodities, including naphtha, synthetic diesel and waxes. Naphtha serves as raw material for Angarsk polymer plant’s thermal decomposition unit. 600 to 700 thousand tons of this material can be produced by the refinery annually.
Collaborating Companies Shows Enthusiasm
The companies involved in the GTL facility project are enthusiastic about their envisioned results. Oxford Catalysts Group’s CEO, Roy Lipski, believes that Russia is looking to be a vital GTL market. Meanwhile, Gazohim Techno’s CEO, Sergey Dolinsky can also see potential in Russia’s oil processing capabilities, foreseeing 30 billion cubic meters per year.
Based on everything that has been said and that has been going underway at Rosneft Angarsk Petrochemical, the GTL facility will be introducing vast improvements that will soon be felt in the region.