print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Oil Company "LUKOIL" press releases

Oil Company "LUKOIL"

August 29, 2018

LUKOIL starts construction of Petroleum Residue Recycling Facility at Nizhny Novgorod refinery

The official unveiling of a sign to commemorate the start of construction of LUKOIL's Petroleum Residue Recycling Facility took place today in Kstovo, Nizhny Novgorod Region. The facility, based on the process of delayed coking, is located at LUKOIL's wholly owned refinery of LUKOIL-Nizhegorodnefteorgsintez. The event was attended by President of LUKOIL Vagit Alekperov, Head of the Nizhny Novgorod Region Gleb Nikitin and Acting Plenipotentiary representative of Russia's President in Volga Federal District Igor Panshin.

Apart from a delayed coker, the complex, with the total annual feed rate of 2.1 million tons, features a diesel hydrotreater, a gas fractionator, hydrogen and sulfur production units, as well as infrastructure facilities. Once the new facility is commissioned, the Nizhny Novgorod refinery will significantly reduce its production of fuel oil, increase refinery yield up to 95.5% and achieve higher synergy with the fluidized catalytic-cracking units already in operation. As a result, the yield of light petroleum products will grow from the actual 64% up to 76%.

The facility, whose commissioning is slated for 2021, will also increase tax revenues at different administrative levels and provide additional employment for over 200 people.

Vagit Alekperov and Gleb Nikitin also participated in official events on the occasion of the refinery's 60th anniversary. Eighteen employees of LUKOIL-Nizhegorodnefteorgsintez received state, industry and corporate awards.

During his business trip to Nizhny Novgorod, Mr.Alekperov also opened an exhibition "Toward Light: Russian Impressionism from Russia's Public Collections" in the city's Museum of Fine Arts. The exhibition was organized with support from the LUKOIL Charitable Foundation.

CONTACT INFORMATION

Press Centre PJSC "LUKOIL"

media@lukoil.com

+7 (495) 627-16-77

https://www.lukoil.com

https://www.facebook.com/Lukoil.en

https://twitter.com/lukoilengl

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer