MOSCOW (MRC) -- The second Catalytic Cracking Complex of vacuum gas oil (CCC-2) has been commissioned at the LUKOIL-Nizhegorodnefteorgsintez refinery (a fully owned subsidiary of PJSC LUKOIL) in Kstovo (Nizhny Novgorod Region), said Hydrocarbonprocessing.
Construction of CCC-2 began in 2010 following the launch of the first Catalytic Cracking Complex that allowed LUKOIL-Nizhegorodnefteorgsintez to switch to production of Euro-5 class fuels.
The launch of CCC-2 will increase the production of Euro-5 class fuels by 1.1 million tons (the annual production of the refinery is currently 3 million tons). Production of propylene, raw material for petrochemistry, will increase nearly twofold, up to 300 Mtpa. The investments in the project came to USD1 billion.
Therefore LUKOIL completed the obligations under the quadruple agreement between the oil companies, the Federal Antimonopoly Service of the Russian Federation, Rostechnadzor and the Federal Agency on Technical Regulating and Metrology.
Specialists of several Russian companies participated in the construction of CCC-2. The engineering design was made by LUKOIL-Nizhegorodniinefteproekt (Nizhny Novgorod), CJSC Neftekhimproekt (Saint Petersburg) and JSC Giprogazoochistka (Moscow) while assembly and installation operations were performed by PJSC Globalstroy-Engineering (Moscow), OJSC MMUS and CJSC KXM (Moscow).
As MRC wrote previously, OAO Lukoil Holdings, Russia's No. 2 oil producer, will invest USD1 billion in the oil firm Samara-Nafta to increase production. Lukoil acquired Samara-Nafta from Hess Corp. this month for USD2 billion as part of a strategy to stabilize and increase oil production. LUKoil has for years fought declining output at its main, Soviet-era fields in Western Siberia. The investment in Samara-Nafta will increase production by between 5% and 7% over the next five years from 2.5 million tonnes a year, Prime news agency cited the company as saying.
LUKoil, a Russian-based company, is one of the global leaders in the production and refining of crude oil and gas resources. The world's largest privately owned oil and gas company, measured by proven oil reserves, LUKoil has operations in over 40 countries.
MRC