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Article: RUSSIA - Yukos
- Article from:
- APS Review Downstream Trends
- Article date:
- August 17, 1998
CopyrightCOPYRIGHT 1998 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Founded at the same time as LUKoil, on April 15, 1993, Yukos is the second largest among the Russian integrated groups in terms of oil output and refining. But its market capitalisation is relatively small, at $4.8 bn compared to LUKoil's $13.18 bn (see OMT). Like LUKoil and the other groups, Yukos is suffering badly from the sharp fall in oil prices in 1998 and has recently maximised its production at about 730,000 b/d and 1.5 BCM/year of gas. Its three refineries, with a total capacity of about 590,000 b/d, are running at less than 400,000 b/d. The refineries are at Samara, Syrzan and Kuibyshev. The Samara complex once had a capacity of 600,000 b/d but, like most ...