KiNEx (Kirishineftekhimexport, Russian acronym for 'Kirishi petroleum chemical export') (russian: "Киришинефтеоргсинтез", Кинэкс (ЗАО)) is a Russian joint stock company, subsidiary of
Surgutneftegaz
Surgutneftegas ( rus, ПАО «Сургутнефтегаз», p=sʊrɡʊtnʲɪftʲɪˈɡas) is a Russian oil and gas company created by merging several previously state-owned companies owning large oil and gas reserves in Western Siberia. The ...
, specializing in wholesale crude and refined oil trading, especially of the refined oil production of
Kinef
Kinef ( rus, КИНЕФ), an syllabic abbreviation, abbreviation for Kirishi Petroleum Organic Synthesis ( rus, Киришинефтеоргсинтез, Kirishinefteorgsintez), is a Russian joint stock production association operating a large o ...
, mostly abroad in Northern Europe. Its refinery at Kirishi is the closest to Europe.
It was founded in 1987 as a subdivision of the
Kirishinefteorgsintez refinery, based in
Kirishi
Kirishi (russian: Ки́риши, ) is a town and the administrative center of Kirishsky District in Leningrad Oblast, Russia, located on the right bank of the Volkhov River, southeast of St. Petersburg. Population:
It was previously kno ...
,
Leningrad Oblast
Leningrad Oblast ( rus, Ленинградская область, Leningradskaya oblast’, lʲɪnʲɪnˈgratskəjə ˈobləsʲtʲ, , ) is a federal subjects of Russia, federal subject of Russia (an oblast). It was established on 1 August 1927, a ...
, to conduct external economic activity of the latter, but in 1991 became independent state-owned enterprise headed by
Gennady Timchenko
Gennady Nikolayevich Timchenko (russian: Геннадий Николаевич Тимченко, ''also spelled'' Guennadi Timtchenko; born 9 November 1952) is a Russian oligarch and billionaire businessman. He founded and owns the private inv ...
.
(russian: Вадим Евсеевич Сомов) was the general director of KiNex.
Путин: бизнес, нефть и выборы. (Putin: business, oil and elections.)
'' "Лимонка"'' (''Limonka'') website. Retrieved 22 June 2021.
In 1990 Kirishineftekhimexport together with Volgotanker
Volgotanker (russian: ОАО «Волжское нефтеналивное пароходство „Волгота́нкер“», '"Volgotanker" Volga Oil Tanker Shipping JSC') is a Russian company engaged in the business of tank storage,transp ...
, Sadko Oil and several individuals founded joint venture Urals Ltd. Its Finnish
Finnish may refer to:
* Something or someone from, or related to Finland
* Culture of Finland
* Finnish people or Finns, the primary ethnic group in Finland
* Finnish language, the national language of the Finnish people
* Finnish cuisine
See also ...
subdivision Urals Finland Oy became the main foreign customer of Kirishineftekhimexport, as it required much less efforts and bureaucratic burden to export oil to a single company. Urals Finland Oy later separated from Urals JV Ltd. and in 1995 entered the KiNEx holding as IPP International Petroleum Products Oy. In 1990s Kirishineftekhimexport also became successful in exporting oil to Estonia
Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, a ...
, which in 1990 was still a part of the Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national ...
.
In 1994 Kirishineftekhimexport was privatized by its top-managers Adolf Smirnov (russian: Адольф Павлович Смирнов), Andrei Katkov (russian: Андрей Львович Катков), Yevgeni Malov (russian: Евгений Иванович Малов) and Gennady Timchenko and became a joint stock company registered in Saint Petersburg
Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), i ...
. It had been headed by Director General Adolf Smirnov until his death in 2004. Since then has been its Director General. The company had its own oil fields in the Khanty–Mansi Autonomous Okrug
Khanty-Mansi Autonomous Okrug–Yugra (Russian and Mansi: Ханты-Мансийский автономный округ — Югра, ''Khanty-Mansiysky avtonomny okrug — Yugra;'' Khanty: Хӑнты-Мансийской Aвтономной ...
, but later sold them out.
In 1996 the state sold its remaining 49% stake in the company. In the same year financial and investment projects of KiNEx were transferred to the KiNEx Invest JSC, owned by Smirnov, Katkov, Malov and Timchenko (by 25% each) and headed by Director General Yury Yerofeyev. In 1998 KiNEx Invest acquired control over a 20.7% share of the Russia Bank.
References
External links
KiNEx
(in Russian)
KiNEx Invest
(in Russian) 21 September 2007
KiNEx Invest
(in Russian) 4 March 2016
Oil companies of Russia
Oil companies of the Soviet Union
Companies based in Leningrad Oblast
{{petroleum-company-stub