Gazprom has commissioned a new production plant in Siberia.
Gazprom's is set to increase its expansion into Finland, with the addition of a 3.4bn ruble (US$120m) plant including an automatic blending unit and a capacity of 110,000t per year. The latest investment is a continuation of the Russian organisation's initial move into the Scandinavian country.
Located in the Omsk region, the plant will mainly supply the domestic shipbuilding industry, in particular the United Shipbuilding Corporation. It will also export to 29 countries including the Commonwealth of Independent States (CIS) and Central Asian regions.
The new plant will compete with Russian market leader Rosneft's Novokuibyshev plant which manufactures about 2.6m litres of marine oils and additives. Gazprom's expansion includes plans to commission a new marine lubricants plant in Serbia, at a refinery owned by the local NIS company.