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Stavrolen resumes operation

March 14/2012

(chemicalnorthwest) -- The polypropylene (PP) unit at Stavrolen's petrochemical plant in Budyennovsk, Russia, LUKOIL-held petrochemical entity was restarted on 11 March following a fire in December last year, LUKOIL informed.

The launching is provided by the raw purchase from Karpatneftekhim (Ukraine, Lukoil sub) and some Russian producers. Now about 6,000 tonnes of propylene are under transportation.

Stavrolen is a polyethylene producer. LUKOIL is ranked as the second by the crude oil output in Russia. The share capital is equal to 21264081.375 rub. The largest share of the enterprice is held by the top managers.

The proved reserves reached 17.3bn barrel of oil equivalent. The 2010-output gained 2.239mln barrel/day which is 1.2% higher prior year period.
Author:Anna Larionova
Tags:PE, propylene.
Category:General News
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