LUKOIL commissions polypropylene production at OOO Stavrolen
Vagit Alekperov - President of OAO LUKOIL
To complete the project, the LUKOIL Group acquired 87.42% of OAO Stavropolpolimerprodukt assets from State Unitary Enterprise Moscow Industry and Trade Center of Integration and Development for USD 32 mln. Construction of the facility was resumed in January of 2005.
Petrochemical plant Stavrolen was commissioned in 1981. It is one of the largest Russian enterprises for polyethylene and other petrochemicals production. OOO Stavrolen alongside with OOO Saratovorgsintez, OOO Karpatneftechim (Ukraine) and AO LUKOIL Neftochim Bourgas (Bulgaria) are the basis of the LUKOIL Group's petrochemical complex.
Leading oil company OAO LUKOIL in Russia with over 10 trillion barrels in proven reserves, fully integrated from exploration and drilling to distribution and retail.
LUKOIL
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