The Kstovo Refinery, also known as Lukoil-Nizhegorodnefteorgsintez (Russian: Лукойл-Нижегороднефтеоргсинтез) is an 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.
 Satellite image in 2001 | |
.svg)  Location of Kstovo Refinery .svg) Kstovo Refinery (European Russia) | |
| 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 |
History
editSoviet Era
editIn 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
editIn 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 corporation 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.