LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally.
OAO LUKOIL President Vagit Alekperov and Bulgaria’s Prime Minister Boyko Borissov attended the ceremonial opening, in Burgas today, of a complex to process heavy residues on the territory of the LUKOIL Neftochim Burgas Refinery. The new facility consists of the main unit to hydrocrack sludge, with an annual capacity of 2.5 million tons, and of a number of auxiliary units.
A working meeting between Thomas Mueller, OAO LUKOIL Vice President for Oil Refining, Petrochemistry and Gas Processing, and Chris Beddoes, Director General of FuelsEurope, took place in Brussels. They discussed urgent issues of Europe’s oil-refining industry and the company’s active membership in FuelsEurope.
Production of ethylene and propylene was resumed today at the Stavrolen petrochemical complex (a wholly-owned OAO LUKOIL subsidiary) in Budennovsk (Stavropol Territory).
Thus, LUKOIL has completed its repair-and-maintenance operations at the ethylene-production unit damaged by fire on February 26, 2014.