RusEnergy

RBC, 22.05.2006, Moscow 17:53:59 – Tatneft intends to receive RUR34.1bn (approx. USD1.26bn) of Investment Fund money towards the construction of a petrochemical complex in Nizhnekamsk, the Russian Industry and Energy Industry's press service reported. The total estimated cost of the project is RUR130.3bn (approx. USD4.83bn). The statement reads that the ministry has given a positive assessment to Tatneft's project providing for the construction of a production complex to include two oil refineries and one petrochemical plant with a capacity of 7m tonnes of sour crude oil a year, as well as infrastructure facilities.