Russian independent oil refinery for sale

RUSSIA / FSU POLITICS - In Brief 26 May 2019 by Alex Teddy
On May 21 Antipinsky oil refinery declared bankruptcy. This is one of the main refineries in the Tyumen Region. Sberbank owns 80% of the refinery since Antipinsky owes money to Sberbank. SOCAR (State Oil Company of the Azerbaijan Republic) is considering buying the refinery. The remaining 20% is owned by Nikolai Egorov. He is a lawyer who is Putin's friend from schooldays. SOCAR has been building refineries and petrochemical plants in Turkey. Turkey and Azerbaijan are neighbors. They are also brother nations who share a language. SOCAR would like Antipinsky since it would strengthen their position in Russia. The head of Lukoil is Vagit Alekperov who is a Russian-Azerbaijani. He wants to increase Lukoil's presence in Russia.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.