Sberbank has approved additional limits totalling RUB 9 bln for working capital financing of Antipinsky Refinery JSC. The funds are allocated for purchasing oil and paying the enterprise’s current expenses.
Antipinsky Refinery occupies its rightful place among the largest players of the Russian oil refining industry, forming the Urals and West-Siberian oil refinery market. Antipinsky Refinery is managed by JSC New Stream.
Vice President of Sberbank Alexey Grenkov: “Antipinsky Refinery continues to steadily develop. The quality of its fuel is recognised both on the Russian market and by the international industry community. The plant complies with world quality standards. Sberbank will continue to strengthen partnership with Antipinsky Refinery.”
Antipinsky Refinery is an industrial oil refinery that is connected to the oil trunk pipeline (total capacity equals 7.2 MTPA, and is currently being increased to 9 MTPA) and product trunk pipeline (total capacity equals 1.8 MTPA; it is planned to increase capacity to 3 MTPA). The refinery’s capacity exceeds 9.0 MTPA, the quality of diesel complies with the Euro 5 standard, and in 2016 the processing depth reached 98%. In 2018, the quality of petrols achieved compliance with Euro 5.
Source — PJSC "Sberbank of Russia"