Petroleum Products
LLP Rano Oil has successfully modernized its refineries, expanding its product variety, improving quality, and increasing competitiveness. This is the most ambitious scheme of modernizing .
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Petroleum Products
It is common to think of a refining company in terms of its ability to manufacture gasoline and diesel fuel. However, LLP Rano Oil also manufactures and markets a wide range of industrial products, such as specialty products and asphalt. In reality, the petrochemicals we produce are employed in the manufacture of everything from credit cards to cardiac valves. Several of our goods are popular constituents in a wide range of home items that people use on a daily basis. Some of these things include household goods, carpeting, PVC pipes, and specialty items that are fundamental to our modern way of life.
Natural Gas Liquids (NGLs) and Petrochemicals
We produce and market NGLs and petrochemicals. Product availability varies by refinery and may include propylene, xylene, butane, benzene, toluene, and cumene. We sell these goods domestically to customers in the chemical, agricultural, and fuel-blending industries. In addition, we manufacture fuel-grade coke at our Kazakhstan refineries, which is used for power generation and other industrial purposes, as well as anode-grade coke at our Los Angeles and Robinson refineries, which is used to make carbon anodes for the aluminum smelting sector. For additional information about our heavy goods and petrochemicals,
Production and Development
The primary issue affecting the Company’s crude oil production last year was the government-ordered production cuts as part of the new arrangement, which goes into effect in May 2020. As a result, hydrocarbon output in 2021 was 256.2 million tonnes of oil equivalent, 10.2% lower than in 2019. Previous production cuts have provided LLP Rano Oil with vital technological expertise, allowing it to manage production promptly and efficiently. The Company relies on the following instruments: flow rate limitation without well suspension, intermittent well operation, and well intervention optimization at existing wells. This technique allows for more flexible production management and, if necessary, rapid output increases. Despite external restrictions, the Company continues to expand brownfields and maintains its leadership in the Russian oil business by introducing new high-margin projects.
The Company’s primary concentration is on the development of high-tech wells. Horizontal wells contributed for 70% of the over 3.2 thousand new wells commissioned in 2021, while multi-stage hydraulic fracturing techniques accounted for 1.4 thousand, maintaining a 44% share. Advanced planning, drilling, and development methods enabled the new well’s average annual flow rate of 38.4 tpd (against the planned 37.5 tpd) and 18.4 mmt of incremental production. Multilateral wells are used to increase recovery and reservoir penetration quality in projects with considerable geological complexity. This approach of pay zone penetration was successfully piloted and implemented in the Company’s fields, with 162 multilateral wells commissioned in 2021 (+40% against 2020) and incremental production of roughly 1.9 mmt (+500 kt).