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. Last Updated: 07/27/2016

Tatarstan to Refine Oil

MOSCOW (MT) - The oil-rich republic of Tatarstan has decided to build a petrochemical refinery with the capacity to process the 7. 4 million tons of crude oil it produces each year, Itar-Tass reported Wednesday.

It quoted Mansur Khasnulin, a deputy prime minister, that Tatarstan was looking for foreign investment to help it build the plant which he hoped could produce $1. 5 billion of petrol products.