Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Gazprom PAO    GAZP   RU0007661625

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Gazprom Neft' : Omsk Refinery Starts Production of Low-Sulphur Marine Fuel Oil

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/18/2017 | 12:27pm CEST

Russian refining and production company Gazprom Neft has produced its first ultra-low sulphur fuel oil to meet the requirements of the emissions control areas (ECA) as laid out in IMOs MARPOL protocol.

The Omsk Refinery developed a catalytic cracking technology in 2016 for producing marine fuel oils that meet or fall below the 0.1% limit required to comply with the MARPOL ECA standards. The fuel has also been certified to comply with the Eurasian Economic Community regulations.

According to Gazprom Neft, a subsidiary of the majority state-owned Russian gas and oil giant PAO Gazprom, the new fuel formulation RMG-80 includes an additive that reduces reciprocal viscosity temperature and prevents wax settlement in the fuel.

The Omsk Refinery said it plans to ship as much as 50,000 tonnes of the low-sulphur marine fuel by the end of 2017, estimating the total market potential for the product at 158,000 tonnes per year.

As part of modernisation works to prepare itself to produce the ultra-low sulphur fuel oil, Omsk Refinerys commercial production facilities underwent an extensive reconstruction estimated to have cost US$3.5M. During the facilitys upgrade, more than 3 km of pipeline was installed and its overhead rail loading rack was updated.

In addition to meeting the MARPOL ECA standards, the oil is one of many potential options available to shipowners and operators trying to ensure compliance with the IMOs Tier III sulphur regulations, which limit vessel sulphur emissions to 0.5% and are due to come into force globally in 2020. A recent Exxon survey of the maritime industry found that some 70% of vessel operators remain underprepared for the upcoming regulations.

(c) 2017 CNEgypt. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GAZPROM PAO
10/18 GAZPROM NEFT' : Omsk Refinery Starts Production of Low-Sulphur Marine Fuel Oil
10/15 GAZPROM NEFT' : Neft Partnership is Developing Russia’s First Integrated I..
10/15 Factbox - Iran's deals with foreign firms since easing of sanctions
10/14 GAZPROM NEFT' : Gazproms Omsk Refinery starts production of low-sulphur marine f..
10/13 Petrofac wins services contract for Gazproms Kurdish oil field
10/12 GAZPROM NEFT' : Neft Completes Construction of New “Biosphere” Water..
10/11 Petrofac signs major deal with Gazprom's Middle East arm
10/11 GAZPROM NEFT' : Neft Completes Construction of New Biosphere Water Treatment Fac..
10/11 Petrofac signs Master Services Agreement with Gazprom Neft
10/11 GAZPROM NEFT' : Aramco, Gazprom Neft Consider Drilling Collaboration
More news
Financials ($)
Sales 2017 108 B
EBIT 2017 13 836 M
Net income 2017 13 016 M
Debt 2017 36 207 M
Yield 2017 5,63%
P/E ratio 2017 4,13
P/E ratio 2018 3,87
EV / Sales 2017 0,82x
EV / Sales 2018 0,80x
Capitalization 52 213 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 2,63 $
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Timur Askarovich Kulibayev Independent Director
Vladimir Alexandrovich Mau Director
Andrey Igorevich Akimov Director
Sector and Competitors
1st jan.Capitalization (M$)
GAZPROM PAO52 213
ROYAL DUTCH SHELL-0.67%253 121
PETROCHINA COMPANY LIMITED0.38%210 654
TOTAL-6.03%136 773
PETROLEO BRASILEIRO SA PETROBRAS8.14%67 861
STATOIL1.20%67 818