OREANDA-NEWS. Rosneft has announced a tender to select a general contractor to construct a new oil refinery on the territory of the current Tuapse Oil Refinery. The new refinery will have a capacity of 12 million tonnes per year.

Plans envision the construction of a turnkey refinery. A detailed project design, facilities installation, construction, assembly, as well as balancing and commissioning are all planned.  Rosneft will finance the refinery’s construction through company funds. Documents for participation in the tender will be accepted until January 31, 2007.

The Company plans to begin construction of the new refinery during the third quarter of 2007, with a target finish date after 42 months. The refinery will produce oil products that meet international Euro-4 and Euro-5 standards. Refining depth should reach 95%.

Large companies like Toyo Engineering Corp. and Chiyoda Corp. (Japan), Poon Lim Industrial (Korea), Lurgi AG and Technip (Germany), Snamprogetty (Italy) and Foster Wheeler, Parsons Corp., ABB Lummus Global and Bechtel Corp. (United States) have all been invited to participate in the tender.