Lukoil is going to invest more than 31bn rubles by the end of 2014 in upgrading the Volgograd oil refinery, Lukoil head Vagit Alekperov has said at a meeting with the local governor, Andrey Bocharov. The Volgograd refinery is one of the Southern Federal District’s largest. Oil conversion ratio there equals 90%, compared to the Russian average of 71%. This has been due to technological modernisation as coke production was upgraded at the refinery, and a diesel hydrotreater and a waste heat boiler have been installed. Lukoil is going to invest a total of 86.7bn rubles in the refinery.
Copyright: Oil and Gas Information Agency, 2014