Oil & Gas
LUKOIL Commissions Production Complex at Volgograd Refinery
LUKOIL announced opening of a high-viscosity index oils production complex at the Volgograd refinery. The production facility includes a de-asphalting unit
LUKOIL announced opening of a high-viscosity index oils production complex at the Volgograd refinery. The production facility includes a de-asphalting unit and a fractionation unit for unconverted oil. The construction of the complex started in October 2018. This project is a part of LUKOIL's programme to upgrade its lubricants production assets. Implementation of the programme will provide consumers with efficient high-tech products that hold up to the best international standards.
Use of advanced high viscosity base stocks renders possible production of engine oils suitable for modern industrial vehicles and cargo trucks that function in rough environments and cold weather. Another major advantage of these oils is their increased oxidation resistance, which provides for longer drain periods. LUKOIL's cumulative investment in the new facility amounts to 10 billion roubles.
The company also continues construction of the second stage of the solar power plant with installed capacity of 20 MW at the Volgograd refinery. Its launch, set for 2021, will increase the SPP total capacity up to 30 MW.
Commissioning of the second stage of the SPP will also provide additional 24 million kWh of green energy per year, which is equal to an annual reduction of CO2 emissions by 12 thousand tonnes.