LUKOIL has carried out extensive development of its petrochemical
business since 1997 in order to increase the share of high value-added
products in overall output and reduce dependence on the volatile
international crude market, and also to create additional potential for
growth of shareholder value.
The output of LUKOIL Group’s plants in Russia and Bulgaria includes
pyrolisis products, organic chemicals, fuel fractions and polymers. The
Group meets quite a lot of domestic demand for various chemicals and is
also a major exporter of chemicals to more than 30 countries.
Aiming to develop the business segment and enhance efficiency, LUKOIL
continued upgrading its existing plants in 2014.