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Tecnimont and MT Russia signed an EPC contract with Rosneft for the VGO Hydrocracking Complex at the Ryazan Refining Company refinery, southeast of Moscow. The contract value is approximately €1.1 billion ($1.2 billion, excluding Russian VAT) and is subject to financial closing.
“The overall contract value is approximately €1.1 billion ($1.2 B) (Russian VAT excluded).”hydrocarbonprocessing.com
Summarized from public sources; check the original articles before acting on it.