LUKOIL COMPLETES RECONSTRUCTION OF POLYETHYLENE PRODUCTION AT STAVROLEN FACTORY
Wednesday, February 7, 2018
President of LUKOIL Vagit Alekperov and the Governor of Stavropol Region, Vladimir Vladimirov, visited the company's wholly owned petrochemical factory Stavrolen, in Budyonnovsk today, where polyethylene reactor block C had been commissioned after reconstruction.
The modernized process train makes it possible to produce a larger variety of products of better quality, reliability and durability. The lifetime of some polyethylene products can exceed 80 years.
Vagit Alekperov and Vladimir Vladimirov held a meeting on Stavrolen further development, including construction of a new gas chemical facility at the factory.
Addressing the meeting, Mr. Alekperov noted that "the project will facilitate integrated development of the south of Stavropol Region, create 600 additional jobs and increase tax revenues of the regional budget".
The President of LUKOIL and the Governor also met with employees of LUKOIL Group subsidiaries in Stavropol Region and awarded best performers.
Mr. Alekperov also awarded winners of the LUKOIL President's Children Hockey Cup, held in Stavropol for the first time, and presented a gift certificate to the Director of the Lukomorye sports facility to purchase hockey outfits for children.
The Lukomorye Sports and Health Center, opened with the support from LUKOIL in September of 2017, covers an area of 0.75 hectares. It features an artificial ice rink, a therapeutic swimming pool, a competitive swimming pool, a medical recovery center and other facilities.
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President of LUKOIL Vagit Alekperov and the Governor of Stavropol Region Vladimir Vladimirov took part in the official opening of the Lukomorye sports and health center in Budyonnovsk. The sports and health facility was constructed under the Cooperation Agreement between LIKOIL and regional Government.
LUKOIL has reached another milestonnee with seven million tonnes of polyethylene produced at Stavrolen, the company’s major petrochemical facility. A large-scale modernization, begun at Stavrolen six years ago and still underway, aims to upgrade the production process and diversify the product range by means of introducing more marketable items.