The Yaroslavl Refinery () is an

oil refinery An oil refinery or petroleum refinery is an industrial processes, industrial process Factory, plant where petroleum (crude oil) is transformed and refining, refined into products such as gasoline (petrol), diesel fuel, Bitumen, asphalt base, ...

plant in the Russian city of

Yaroslavl Yaroslavl (; , ) is a city and the administrative center of Yaroslavl Oblast, Russia, located northeast of Moscow. The historic part of the city is a World Heritage Site, and is located at the confluence of the Volga and the Kotorosl rivers. ...

, one of the largest in the country. This refinery has belonged to the Russian company Slavneft since 2001.

History

In 1952, the Soviet Ministry of Oil Industry selected the city of

as the site for a new

plant. The plant began operations in 1961, and expanded throughout the 60s and 70s. In 1993, the refinery plant was

privatized Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...

with the approval from Russian authorities, and soon became part of Slavneft. Throughout the 2000s, the company modernized much of the refinery plant, including the

catalytic cracking Fluid catalytic cracking (FCC) is the conversion process used in petroleum refineries to convert the high-boiling point, high-molecular weight hydrocarbon fractions of petroleum (crude oils) into gasoline, alkene gases, and other petroleum produc ...

units to boost production. These investments cost around $1.5 billion. In 2009, the company was estimated to be worth 12.9 billion

rubles The ruble or rouble (; rus, рубль, p=rublʲ) is a currency unit. Currently, currencies named ''ruble'' in circulation include the Russian ruble (RUB, ₽) in Russia and the Belarusian ruble (BYN, Rbl) in Belarus. These currencies are su ...

($400 million

USD The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...

). The main competitors for the refinery plant are: Ryazan Refinery,

Kstovo Refinery The Kstovo Refinery, also known as Lukoil-Nizhegorodnefteorgsintez () is an oil refinery in the Russian city of Kstovo, one of the largest in the country. This refinery has belonged to the Russian company Lukoil since 2001. History Soviet Er ...

, and Moscow Refinery.

References

{{Reflist Oil refineries in Russia Oil refineries in the Soviet Union Buildings and structures in Yaroslavl Oblast