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. Last Updated: 07/27/2016

Surgut to Build Refinery

Surgutneftegaz will build a $6 billion refinery in the Leningrad region by 2011 to meet growing demand for gasoline and other oil products, spokeswoman Raisa Khodchenko said Thursday.

The plant, Kirishi-2, will be able to process 12 million tons of oil a year, Khodchenko said, citing chief executive officer Vladimir Bogdanov.

The facility will boost the company's refining capacity by 50 percent. Surgutneftegaz is expanding the existing Kirishinefteorgsintez refinery, south of St. Petersburg, to reach capacity of 24 million tons per year in 2009. The existing plant will process about 22 million tons of oil this year, Khodchenko said.

The Kirishi-2 project costs will be adjusted after the company finishes carrying out feasibility studies, Khodchenko said.

Surgutneftegaz is spending $2.4 billion to install a hydrocracking unit by the end of next year and will invest at least $2.8 billion to build a catalytic cracking unit in 2009 to produce more light products at Kirishinefteorgsintez, Bogdanov said in May.

n Bogdanov said Wednesday that Surgutneftegaz traced a hacking attack on its web site in July back to Belgium and the Leningrad region, Interfax reported.

Also Wednesday, the oil firm's web site was automatically redirecting traffic to Gazprom's site in another apparent hacker attack.