Press-center

TAIF Group in mass-media

back to list

14.02.2012  
  Tatar-Inform,  
 

Together With American Company, TAIF-NK Will Bring Conversion Depth To 95%.


 
  Today, at the presence of Rustam Minnikhanov, the President of Tatarstan, a contract was signed between a Nizhnekamsk oil refining company TAIF-NK PSC and an American engineering and construction company KBR, Inc. (Kellogg Brown & Root) at the office of TAIF PSC, Kazan. The document was signed by Amil Kalimullin, General Director, TAIF-NK PSC and the First President, Board Member of KBR Tim Challand.

The contract covers basic engineering of a VCC (Veba Combi Cracker) designed to process 2.7 MTA of heavy residue from oil refining. The cost of the unit together with all the infrastructure necessary will be USD 1.5 billion. Its start-up is scheduled for 2015. Since that time TAIF-NK will be capable of processing over 7.3 MTA of crude (today its capacity is 7.1 MTA) and produce 7.1 MTA of high-quality oil products, including feed for petrochemicals, with at least Euro-5 quality. Conversion depth will reach 90-95 per cent (today it is 74 per cent), overall margin of the refinery will increase 1.7-2 times. Implementation of this project will become a finalizing stage of TAIF-NKs modernization.

During the contract signing ceremony Rustam Minnikhanov, when answering the journalists questions, commented on the significance of the contract. The project is compliant to the plans of the Government of Tatarstan and the industrial policy of the Russian Federation Government that introduced new requirements to modernize all existing refineries country-wide with the aim to increase crude conversion rate, as the President of Tatarstan reported. Implementation of the project will bring TAIF-NK to an absolutely new level of operation and allow it to significantly improve the enterprises profitability in new and more rigid terms of taxation, R. Minnikhanov thinks.

Based on his words, American partners are interested in mutual success since this technology may be of interest to other Russian companies as well. Thus, in Tatarstan, further stages aimed at increasing conversion rate are planned at a new refinery of TANECO. Besides, this technology may be used to process natural bitumens that are widely available in Tatarstan and commercially produced by Tatneft.

As TAIFs General Director Albert Shigabutdinov noted, a technology selection process took 5-6 years and there was 6 proposals in total from leading global companies. The projects envisaged payback period is 3 years.

One of KBRs business lines covers turnkey construction of oil and gas processing plants, chemical, and petrochemical enterprises. The company is among the four largest engineering companies in the world. VCC technology is a process where hydrogen is added for the purpose of residue conversion into high-quality distillates or synthetic oil at refineries. This will be the third unit of such kind globally and the first one in the Russian Federation.
 
 
 

 

27, Shchapova Str.,
420012 Kazan, Republic of Tatarstan, Russia


Tel.: +7 (843) 277-94-02
Fax: +7 (843) 277-94-03
E-mail: bars@taif.ru