international magazine
10 / 2012

Gazprom neft to invest massively in bitumen production

Russia's vertically integrated Gazprom neft to pump in some $320mn into bitumen production by 2020, the company's commercial division director Levan Kadagidze stated. He also mentioned the company's bitumen production development strategy by 2020, which was worked out in 2008 and backed by the opportunities analysis and predictive estimation of bitumen demand in the road construction sector.