№ 9 (September 2007)
LUKOIL Chemical Group is going to increase output on its Stavrolen company
The Russian North Caspian hydrocarbon resources will be a supply base for the LUKOIL's petchem subsidiary in the south of Russia, especially on the Stavrolen plant.
A top-manager of the company Kirill Popov said on the 6th Russia and CIS Petrochemicals and Gas Conference and Exhibition that the company is planning to increase output at one of the company’s leading enterprises Stavrolen threefold by 600 ths. tons annually by 2013.
The North Caspian Sea fields are logistically most suitable for supplying that enterprise. Primary oil and gas treatment is going to be hold at the coastal areas, e.g. Kalmykia or Astrakhan regions. Production starts up of the fields are planning by 2013-2017.
Moreover a head of the company Alexey Smirnov said on the press-conference that there is some plans to double company’s output increase at 5.6 mlnt. The company's investments plans will be of $4.5 bln by 2017.
The company was established in 1997. Currently LUKOIL Chemical Groups includes Stavrolen and Saratovorgsintez in Russia, LUKOR plant in Ukraine, VARS sea terminal in Lithuania and other trade Russian and foreign companies.