Russian version

October 27, 2009

TAIF-NK PSC and the English department of the company UOP Limited (USA) have signed the engineering and warranty agreements providing design of basic projects for processes of solvent deasphalting of tar and hydrocracking.


On October 27, 2009 TAIF-NK PSC and the English department of the company UOP Limited (USA) have signed the engineering and warranty agreements providing design of basic projects for processes of solvent deasphalting of tar and hydrocracking. They have also entered into licensing agreements for provision of licenses for Solvent Deasphalting UOP / FW USA processes and Unicracking Process. The basic projects development will take about 6 months. The deal has amounted to more than 10 million US dollars.

On 17-25 November, 2009 there was a starting meeting between TAIF-NK PSC, licensors of processes and the companies involved in designing of the new complex. The Chief designer from the Russian side has been selected “VNIPIneft” OJSC (Moscow). The developer of the foreign part of the project will be the German company "Lurgi".

The design of these installations is being conducted in the framework of the strategic project of the Heavy Residue Conversion Complex (HRCC) construction. The complex launch is scheduled for 2013.

At the moment we are also working with several Russian and foreign banks on arranging the project financing.




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