TAIF, RUSAL MAY SET UP PETROCHEMICAL VENTURE

摘要

KAZAN. (Interfax) - OAO TAIF and OAO Russian Aluminum may sign an agreement by May 2006 to set up a joint venture to process heavy residue from Nizhnekamsk Oil Refinery, TAIF Deputy General Director Vladimir Presnyakov told journalists on March 7. He said that the joint venture would produce 400,000 tonnes of coke and 450 million tonnes of straight-run gasoline (from fuel oil) per year. The project would supply Rusal with coke and Nizhnekamskneftek-him with straight-run gasoline.