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Russia and China agreed to build in Yakutia a refinery with an annual capacity of 2 million tons
On joint investment in the construction of an oil refinery with a capacity of 2 million tons per year in the Aldan District Republic of Sakha (Yakutia) OJSC "Oil Company" Tuymaada-Neft "and LLC" Company Hua Qin An Tszyu "have agreed, the press service of the Investment Development Agency of the region reported.
Negotiations on construction were conducted since August last year. Yesterday, during a business visit of the Yakut delegation to Beijing, the partners signed a corresponding agreement. This was made possible through the implementation of a memorandum of understanding between the Agency for Investment Development of the Republic of Sakha (Yakutia) and the Yongjin Investment Fund.
"Tuymaada-oil" has a project of an oil refinery in Yakutia, and the company "Hua Qin Anh Tszyu" enjoys the support of the China National Oil and Gas CorporationCNPC), as well as the construction and design research institute of Qin Hua University, international foundations and consortiums. In order to implement the project, the parties intend to establish a joint venture.
The provincial vice-governor came to the signing ceremony Heilongjiang Mr. Song Yao and representatives of CNPC.