With this acquisition, Rosneft gains refining capacities for 11.5 million tons of crude oil per year, and located in the heart of Europe’s most lucrative oil-products market (including Germany’s immediate western neighbors). Once the regulatory approval is received, 18 percent of Rosneft’s refining capacities will be located there. According to Khudaynatov at the Moscow signing event, the move corresponds with Russia’s strategy of expansion in key European energy markets and obtaining access to advanced Western technologies.
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