LukOil(OAO) LKOB Re LUKOIL Fully Resumes Production at Stavrolen

  LukOil(OAO) (LKOB) - Re LUKOIL Fully Resumes Production at Stavrolen

RNS Number : 1037N
LukOil (OAO)
25 September 2012
 



                 LUKOIL FULLY RESUMES PRODUCTION AT STAVROLEN

                                       

The production  of ethylene  and propylene  has been  fully resumed  today  at 
Stavrolen petrochemical  complex (a  LUKOIL  subsidiary) in  Budennovsk.  Both 
these substances  were  then forwarded  to  units producing  polyethylene  and 
polypropylene.

Thus, LUKOIL  has  completed its  repair-and-renewal  operations to  cure  the 
effects of a fire outbreak at the ethylene production unit in mid-December  of 
2011 which caused temporary suspension of operations.

Polypropylene production was temporarily  resumed on 11  March 2012 using  raw 
stock, propylene,  purchased from  Karpatneftekhim (a  LUKOIL subsidiary)  and 
from a number of other Russian manufacturers.

Parallel to the repair-and-renewal operations at the ethylene production unit,
the other  unit,  for production  of  polyethylene, also  underwent  scheduled 
repairs.

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
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STRPGUPCBUPPGGA -0- Sep/25/2012 11:45 GMT