Tatneft project awarded National Project status

Tatneft’s project “Technology Development for hydroconversion of heavy petroleum feedstock to produce high-quality fuels, oils and raw materials for petrochemical processes” has been assigned national project status in Russia.

The decision was taken at a meeting of the working group headed by A.V. Novak, the Minister, at the Ministry of Energy of the Russian Federation for selecting national projects for introduction of innovative technologies and advanced materials in the energy sector. The company’s project is the first national project of advanced conversion of oil residues with high yields, including conversion rates.

The project of PJSC TATNEFT envisages the development of a domestic hydroconversion technology: a process of deep processing of heavy oil residues and high-viscosity oil into motor fuel and raw materials for the petrochemical industry.

The project is the first domestic project of advanced high performance conversion for heavy oil residues. The hydroconversion technology presented has a number of advantages versus foreign analogues, as well as prospects for its implementation and replication both inside the country as well as abroad.

Based on the data provided by the Energy Ministry of the Russian Federation there are at least nine Russian refineries interested in introducing the hydroconversion technology. Application of this technology will allow increasing the crude oil conversion depth in the Russian Federation increasing the export potential of Russian oil by the amount of up to 30 million tonnes.