Oil refinery of a fuel-oil profile. It was designed for satisfaction of needs of Volga-Vyatka economic region in oil products and it is put in operation in 1958. Over time turned into one of the largest enterprises of oil processing and was among industry-leading. Is a part of the Lukoil Group since the end of 2001.
2018: Lukoil in 7 years invests 100 billion rub in the Nizhny Novgorod Refinery
Investments of Lukoil company into the child plant "Nizhegorodnefteorgsintez" in Kstovo of the Nizhny Novgorod Region within 7 years will make 100 billion rubles, the president of Lukoil Vagit Alekperov told journalists.
"We in 7 years invest 100 billion rubles in the Kstovo platform. In particular we are going to construct one more installation which will allow to increase production of gasoline by 400 thousand tons", - Alekperov told. He reminded that in December of last year the government of the Nizhny Novgorod Region and the company signed the agreement on cooperation within which Lukoil will invest 1 billion dollars in construction of a complex of deep processing of oil residues at the Kstovo oil refinery. Input of a complex is planned in 2020-2021. The Nizhny Novgorod authorities, in turn, undertook to render the company all assistance.
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