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In Aldan with the participation of Chinese partners will build a refinery

«Tuymaada-Neft» JSC and Hua Qin An Tszyu Company agreed on joint investments in the construction of an oil refinery in Yakutia.

On April 23, an agreement was signed in Beijing between «Tuymaada-Neft» JSC and Hua Qin An Tszyu Company. The parties agreed on joint investment in the construction of an oil refinery with a capacity of 2 million tons per year in the Aldan district of Yakutia.

Tuymaada-Neft has a project for an oil refinery in the Republic and Hua Qin An Tszyu Company has the support of the Building and Design Research Institute of Qin Hua University, international funds and consortia and is supported by the China National Petroleum and Gas Corporation (CNPC). To implement the project, the parties intend to create a joint venture.

The solemn signing of the agreement was attended by representatives of CNPC and the Yongjin Investment Fund. The vice-governor of Heilongjiang Province, Mr. Song Yao specially arrived at the signing ceremony. Recall that negotiations have been going on since August last year.