download new mediaplan 2008



Sign up for a 12 month subscription to Oil&Gas Eurasia and receive our quarterly Eurasia Offshore for FREE.

Sign up for a 12 month subscription to Oil&Gas; Eurasia
and receive our quarterly Eurasia Offshore for FREE.

download new mediaplan 2008
October 24, 2007
Advanced Search


Login:

Password:

Forgot your password?
Register now

Home / Issue Archive / 2007 / September #9 / LUKOIL Chemical Group is going to increase output on its Stavrolen company

№ 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.  

By Yagmur Kurbanov

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.  

Copyright © 2007 Eurasia Press, Inc. (USA). All rights reserved.
Copyright © 2007 Eurasia Press (www.eurasiapress.com)