Ex-owner of Russia's largest independent oil refinery arrested

  • Jul 15, 2019
  • Hydrocarbon Processing

A former owner of the debt-laden Antipinsky refinery, Russia???s largest independent oil-processing plant, was arrested in Moscow, his company said in a statement.??

New Stream group said its head, Dmitry Mazurov, was arrested by the Investigative Committee on Saturday at Moscow???s Sheremetyevo airport when he arrived back in Russia.

It said Mazurov was a suspect in a criminal case, without elaborating. New Stream formerly owned the refinery.

Authorities were not immediately available for comment.

Last month, SOCAR Energoresurs, a joint venture between Russia???s largest lender, Sberbank, and a group of investors, acquired an 80% stake in the Antipinsky refinery. Sberbank is the plant???s main creditor.

The plant, which has an annual capacity of 9 million tonnes, filed for bankruptcy in May, weeks after a London court ordered its assets to be frozen in response to a lawsuit from a trading house.

Court data showed there were 346.5 billion roubles ($5.5 billion) of claims against the refinery.

$1 = 62.9902 roubles Reporting by Natalia Chumakova; Writing by Vladimir Soldatkin; Editing by Peter Cooney