Sputnik International cited Russian Ministry of Development of the Far East as saying in a statement that the refinery grid will be created with the parent enterprise in the city of Khabarovsk.
A memorandum was signed last month between the Ministry of Development of the Far East and Baoli Bitumina Singapore for the construction of a bitumen-producing plant in the Russian city of Khabarovsk.
The bitumen plant is being developed to serve domestic and foreign markets, including China, Japan and Southeast Asia.
A statement released following the Russian ministry delegation’s visit to China said: "Before the construction of the plant in Khabarovsk, the company is seeking to buy small refineries owned by independent operators in different regions of Russia, which it will integrate into a production and supply chain with the main facility in Khabarovsk."
A group of refineries will also be developed in Khabarovsk.
According to the Russian Ministry of Development of the Far East, Baoli Bitumina Singapore is also planning to upgrade harbor installations in one of the Russian Far East cities, with an investment of around $200m, in order to create a special terminal specializing in oil and gas exports.
