“This is a cost-reimbursement contract,” the message noted. “All the work under the contract should be implemented within 38 months.”
The cost of modernization of the refinery is estimated at about $1.5-1.7 billion. The exact cost will be known once all EPC contracts are awarded.
After modernization, the production capacity of the refinery will increase from 6 million to 7.5 million tons per year, and its operational period will be prolonged to 2040.
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