Lukoil Neftochim Burgas Refinery Builds Heavy Waste Treatment Complex

May 26, 2014

An investment of USD 1.5 B will go to the first stage of the construction of a heavy waste treatment complex at the Bulgarian Lukoil Neftochim Burgas refinery.

The investment was announced by the government's press office on Wednesday after a meeting of Prime Minister Plamen Oresharski with Vagit Alekperov, President of Russian energy giant Lukoil.

Oresharski referred to the waste treatment complex at Lukoil Neftochim Burgas as a good investment.

The construction of the facility is to be wrapped up in 3 years and is to directly involve a total of 2000 people, according to reports of the Bulgarian National Radio (BNR).

Taking into account the entities which will conduct the preparations for the installation of the facility, the total number of jobs exceeds 3000.

A number of activities related to the designing, transport, logistics, and production of parts and equipment, are to be carried out by Bulgarian subcontractors.

The completion of the next stage of the project, the construction of a vacuum gas oil hydrocracking installation, may turn the Burgas-based refinery into a global leader in energy and production efficiency, taking into account that there are only 6 countries in the world which have functioning installations of this kind, including Mexico, US, Canada, Poland, Japan and Kuwait.

Copyright, Novinite, 2014.