Russia sees oil majors development in refining and retail.

Gazprom and Shell forge ahead in Russia.

Gazprom Omsk Refinery

Gazprom's Omsk Refinery Image: Gazprom

Gazprom Neft's Omsk Refinery is in the second phase of its modernisation programme.

Following a move to 100% production of Euro-5 standard of fuels, it is now set to increase refining volumes and improve the production of light petroleum products which showed an increase on the preceding year to stand a record for the Omsk Refinery at 70.92%.

2016 saw the refinery process a total 20.5m tonnes of crude oil, maintaining its leading position in the Russian refining industry.

The facility produces around 50 types of oil products including jet fuel, household gas, residual fuel oil (heating oil benzene, toluene, orthoxylene, paraxylene, bitumen, cokes, technical sulphur, and other products in line with market demand.

Meanwhile Shell is set to double its retail sites across the country, which currently number 227.  There are also plans to bring the company's Torzhok lubricants plant to a 200m litre annual capacity within the next five years, according to Sergey Starodubtse, Director General of Shell's Russian affiliate, Shell Neft. However, there are apparently no plans to build any new plants in Russia.

The news follows recent long-term positive news for the country's lubes market, boosted by luxury and high-performance vehicle sales.