Tatarstan and LUKOIL ink cooperation agreement

(LUKOIL) - In Saint-Petersburg in terms of International economical forum LUKOIL President Vagit Alekperov and President of The Republic of Tatarstan Rustam Minnik have signed the Agreement about Cooperation between the Company and Republic Government.

According to the agreement, sides are going to cooperate in geologic research of entrails, mining and processing of hydrocarbon materials, development of oil products supply system, production and social infrastructure.

The agreement, in particular, provides for the supplies of oil products by LUKOIL facilities into wholesale and retail markets of Tatarstan, construction of a new and reconstruction of existing petrol stations.

MRC

MOSCOW (MRC) -- By results of January - May this year investments into equipment for polymers processing formed $128,3 mln., which is only 5% more than figures in similar period last year - according to MRC analysts.

Low investment activity of the domestic converters is possibly caused by their wait-and-see position. So, most of the domestic processors decided to invest into production at the expense of modernization of already installed equipment.

I-Plast (heavy polymer package moulding), Narodny Plastik (profiles), LG Rus (electronics), Veka Rus (profiles), Alphatechform (PET-preforms), Slotex (decorative laminates) etc. are among leaders in investments into new equipment in 2010.

Domestic converters keep up preferring Krauss Maffei equipment ($8,3 mln., investments growth lamost 3 times compared to January - May 2009), Engel ($4,9 mln., +63%), Husky ($3,6 mln., +14%).

MRC

For more detailed information about investments into polymers processing please refer to MRC Annual reports.

(Etp) -- Today adjustment works were finished at Kalush Pipe Plant. Att the equipment was optimized and all the production modes were checked. PVC pipes plant has made first production parties checked for accordingness to all the existing standards in a lab: for ring rigidity, sustainability, breaking strength, and all the hydraulic test were done. This will let the plant produce PVC pipes for water-supply and outer canalization which comply to the best European analogues.

MRC

(ChinaKnowledge) -- Hubei Yihua Group, the parent of Hubei Yihua Chemical Industry Co Ltd., plans to invest more than RMB 30 billion to build an economic and industrial park in Xinjiang Uygur Autonomous Region from 2011 to 2015, in line with the government's 12th five-year plan.

Jiang Yuanhua, board chairman of Hubei Yihua Group, said that the entire park will have an annual output of 1.2 million kilowatts of electricity, 1.2 million tons of synthesis ammonia, 2 million tons of carbamide, 1.8 million tons of calcium carbide, 1 million tons of caustic soda, 1.2 million tons of polyvinyl chloride or PVC and 2 million tons of blue carbon.

Reportedly, Hubei Yihua Chemical Industry intends to start a 300,000-ton PVC project in Qinghai Province, and the project, which will cost RMB 1.62 billion, will reap estimated operating revenue of RMB 2.29 billion and gross profits of RMB 640 million.

MRC

(GTRK Omsk) -- Homogenizers were installed today at Omsk polypropylene plant. These are capacities for mixing and sorting finished products.

It took a month to install homogenizers with 14 tonne heavy and 26 meters high. All the construction technology and welding was mad by Netherlands representatives. All those homogenizers are going to receive finished PP in granules and carefully mix it to make finish product homogenous. The volume of one capacity forms 600 cubic meters To to taltally fullfill it, the plant should work for 14 hours.

MRC