 KiNEx

KiNEx (Kirishineftekhimexport, Russian acronym for 'Kirishi petroleum chemical export') is a Russian joint stock company, subsidiary of Surgutneftegaz, specializing in wholesale crude and refined oil trading, especially of the refined oil production of Kinef, mostly abroad in Northern Europe.It was founded in 1987 as a subdivision of the Kirishinefteorgsintez refinery, based in Kirishi, Leningrad Oblast, to conduct external economic activity of the latter, but in 1991 became independent state-owned enterprise headed by Gennady Timchenko.