Rosneft and Maire Tecnimont signed the contract for the construction of a vacuum gasoil hydrocracking (VGO) complex at the RORC production site. The contract was signed following the conclusion by the parties of the agreement of intent during the XIV Eurasian Economic Forum in Verona. The interaction with banks is currently in progress to secure financing for the project.

A new complex with annual capacity of 2.2 million tons will enable Ryazan Refinery to increase the rate of conversion and refining margins by converting dark petroleum products into Class 5 light commercial petroleum products (gasoline, kerosene, diesel fuel). The complex will include hydrocracking units, hydrogen production units, sulfur recovery units, and offsite facilities. All equipment has high environmental performance characteristics.

The facility construction project uses modern, highly efficient technologies and equipment with an automated control system to improve the carbon efficiency of the new complex.

The investment project will involve a full range of works, including design work, supply of equipment and materials, construction, start-up and pre-commissioning, and project finance services.

Rosneft has been implementing an unprecedented program to upgrade its refineries. Since the program start, more than 900 billion rubles have already been invested, and 23 major units and refining complexes have been built and reconstructed, allowing the Company to significantly increase production of Class 5 gasoline and diesel fuel, and to fully meet the needs of the domestic market supplying high–quality petroleum products.

About Ryazan Oil Refining

Ryazan Oil Refining, a subsidiary of Rosneft, is one of the largest refineries in Russia by volume of refining and output.

The refinery produces a wide range of high-quality oil products – motor gasolines including the environmentally friendly Euro 6 gasoline, diesel fuel, aviation kerosene, road and construction bitumen, etc.

About Rosneft

Rosneft is the third largest player in the German oil refining market. Operating activities are carried out by Rosneft Deutschland GmbH, a subsidiary of the Company. This company manages both the supply of crude oil to the refineries, the shares of which belong to Rosneft (PCK Raffinerie GmbH, MiRO refinery, Bayernoil refinery), and sales of petroleum products.

About Maire Tecnimont

Maire Tecnimont, an Italian industrial group of companies, is a leading provider of technologies for construction, licensing, and energy business development in the world, focusing on oil and gas, petrochemical and refining companies. The company's shares have been traded on the Italian Stock Exchange since 2007. NextChem, a subsidiary of Maire Tecnimont, is engaged in “green” petrochemicals and technologies in support of the energy transition. The company operates in more than 45 countries worldwide.