The “Afipsky” Refinery LLC summarized the results of the year

The “Afipsky” Refinery LLC summarized the results of the year 27.01.2020

The “Afipsky” Refinery LLC summarized the results of the year

Over the past year, the “Afipsky” Refinery LLC (since May 2019 is managed by JSC «ForteInvest» and is a part of Mikhail Gutseriev’s SAFMAR Group) processed over 5.5 million tons of raw materials.
In December 2019, the throughput performance reached 532 528 tons of crude oil. This is 84.23% more than the same indicator of the last year (previously it was - 289 049 tons).
Such a significant difference is explained by the crisis in which the Refinery turned out to be since the autumn 2018: the Refinery experienced real challenges including the supply of raw materials. The situation has changed since the last year’s spring when the “Afipsky” Refinery LLC joined the SAFMAR Group. The situation at the Refinery has stabilized and nowadays production indicators are in line with the processing plan.
In total, 5 539 593 tons of raw materials were processed at the Refinery during 2019. The growth amounted to 428 664 tons (8.39%) in comparison with to the previous year.
Upon the results of the reporting period, the volume of production of light petroleum products reached 3 144 740 tons. We can call it as an upward trend too. In the year-earlier period the figure was 2 831 531 tons.
The share of production of light petroleum products also increased to 56.77% compared to 55.40% in 2018.
It is worth reminding that in November 2019, “Afipsky” Refinery LLC commenced the active phase of the Refinery’s upgrade. At its first stage, it is planned to commission the Hydrocracking complex with estimated capacity of 2.5 million tons per year. Commissioning of the facility is scheduled for the second half of 2022.

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