Russia’s Gazprom Neft to start refining in South-East Asia ‘14

Russian oil company Gazprom Neft will expand to the refinery market of South-East Asia in 2014, the company said in a statement on Friday following its board of directors meeting.

“Gazprom Neft currently refines oil abroad at its plants in Serbia and Belarus. The company plans to enter the South-East Asian market in 2014,” Gazprom Neft said.

The company plans to buy 49% in Binh Son Refining and Petrochemical which owns a refinery in Vietnam.

SOURCE: PRIME, 2013

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