It has been five years since Tyumen’ Oil Company was formed and Ryazan’ Oil Refinery — the company’s basic refining enterprise — was incorporated in it. During this time, the refinery, advantageously located near Moscow, the largest market in Russia and the region, has passed through two stages typical of Russian enterprises called «survival» and “reconstruction.” Three years ago, few would have thought that the refinery, which was refining no more than 5 million tons of crude oil a year with a planned output of 13 million tons at that time, would not only restore the optimum load volumes but also resume reconstruction with capital investments of $260 million. This became possible due to the advent of the companies "Alpha-Group" and "Renova" in Tyumen’ Oil Company (TOC), their new management, and as a result — a partnership with AVV Co. and financing under guarantee of the American Exim-Bank. The fundamental measures instituted in this period to increase production efficiency were: * ensuring an oil refining volume of 1 million tons per month due to reactivation of AT-6, LCh-35/11-600, and LG-35/8 units, the creation of a unified industrial complex based on the AT-6 atmospheric unit and the vacuum units on the AVT-1 and AVT-2 installations; * introduction of modern domestic reforming catalysts; * organization of production of arctic and winter diesel fuels and petroleum resid; * reducing production of atmospheric resid due to introduction of visbreaking in the modernized TK-1 unit. As a result, the production volume of fundamental products increased in 1998 in comparison to 1997: * automotive gasolines: by 55%; * diesel fuel: by 87%; * aviation kerosene: by 48%; * lube oils: by 35%. In 1999, with an oil refining volume of 11.2 million tons (86% of capacity), a further increase in production volumes was obtained in comparison to the 1998 level: * automotive gasolines: by 60%, including high-octane gasolines by 77%; production of the latter increased by 48%, or 17% above the 1998 level; * lube oils: by 70%; * packaged oils: by 7 times; * asphalts: by 57%; * petroleum resid: by 3 times. Specialists at Ryazan’ OIl Refinery and the Moscow office of TOC have developed and are implementing efficient programs to further increase the production volumes of automotive gasolines, diesel fuels, and lube oils and to bring their quality up to the current international level. Complex reconstruction of the installations for hydrotreating of diesel fuel allowed beginning industrial production of this fuel with improved environmental characteristics for the first time in Russia: a sulfur content of less than 0.034%, which corresponds to European certification EN 590, i.e., the latest international requirements. On completion of reconstruction of the LCh-24-7 unit, all of the diesel fuel produced will satisfy these specifications. Technologies for isomerization of light naphtha cuts were successfully assimilated due to the use of a new catalyst developed by Russian scientists and used for the first time at the refinery. This technology will allow