MOSCOW, June 2 Gazprom Neft, the
oil-producing arm of Russian state gas company Gazprom
, said it planned to gain access to up to 30 million
tonnes a year in refining capacity outside of Russia as part of
its long-term strategy.
Out of its total annual refining volume of 43 million
tonnes, around 4 million is currently outside of Russia, in
Serbia and Belarus.
"The company is studying possibilities to get access to
refining capacity outside the country in the amount of around 25
to 30 million tonnes a year," Gazprom Neft said on Monday,
following a board meeting.
The 30 million tonnes is equal to around 600,000 barrels per
day. A company spokesman declined to comment and provide further
Last year, Gazprom Neft agreed to invest together with
Petrovietnam in Vietnamese firm Binh Son Refining and
Petrochemical, which manages the Dung Quat refinery in the
The 130,500 barrel-per-day refinery, the only one in
Vietnam, has plans to expand output by more than 50 percent to
10 million tonnes per year by 2015.
In Europe, refining assets are under pressure, and some
plants have been forced to close as owners have struggled to
find buyers. European refining margins are being squeezed by
large volumes of oil products from Russia and the United States.
Gazprom Neft, which produced 62.3 million tonnes of oil and
other hydrocarbon liquids last year, plans to boost production
to 100 million tonnes by 2020. It is exploring for shale oil,
producing in Arctic and testing advanced technologies to
increase output at mature fields.
Gazprom Neft and its chief executive, Alexander Dyukov, are
not included on a western sanction list following Russia's
annexation of Crimea in March. Dyukov said in April that the
company might cut reliance on U.S. dollars in its contracts if
(Reporting by Katya Golubkova; editing by Jane Baird)