LUKOIL plans to launch a lubricant blending plant in Kazakhstan in 2019, LUKOIL President Vagit Alekperov announced.
“Next year in the Almaty region [in Kazakhstan], the company plans to launch a lubricant plant with a capacity of 100,000 tons per year. This is the most advanced, innovative enterprise in the industry that will provide both the Republic of Kazakhstan and the neighboring countries. It will produce lubricants for any modern type of equipment. Thanks to automation of processes we will be able to carry out any orders within 24 hours,” said Alekperov, during a speech at the plenary session of the Council for Foreign Investors.
Alekperov also said that LUKOIL is interested in geological exploration in the offshore zone of the Caspian Sea.
Last month, LUKOIL commenced production of road bitumen at its Perm refinery. The product complies with the new national standard requiring extended life and advanced durability of materials. The earlier commissioned railway overpass for discharge of fuel oils ensures an efficient utilization rate of the petroleum-residue recycling plant and bitumen production capacities, the latter amounting to 2,400 metric tons per day.
LUKOIL Lubricants Company, a wholly owned subsidiary of the Russian state-owned oil company responsible for the marketing of lubricants and asphaltic products, will undertake the shipment and marketing of these products from the Perm refinery.