Rosneft to build oil refinery in Chechnya

Construction of an oil refinery by Rosneft in Chechnya will begin next month, the head of the republic, Ramzan Kadyrov, told RIA Novosti today.

As a source in Grozneftegaz told RIA-Novosti, the refinery's construction is expected to be completed by October 1, 2013.

Rosneft owns seven refineries in Tuapse, Komsomolsk-on-Amur, Achinsk, Angarsk, Syzran, Samara and Novokuibyshevsk, as well as a number of marketing companies. The company also holds licenses for a number of promising gas fields, including the Vankor block (Vankor oil and gas field).