Home / FLD / Lukoil to begin construction of terminal outside Vienna

Lukoil to begin construction of terminal outside Vienna

Russiaโ€™s second-largest oil company, Lukoil, has begun construction of a terminal outside Vienna, Austria. The terminal will make it possible to ship bulk amounts of lubricating oil on the Danube River. Lukoil will also construct a mooring complex and a tank farm. This construction, which is part of a plan to modernise the lubricants plant owned by Lukoil subsidiary LLK-International, is set to begin in February 2015.

Lukoil President Vagit Alekperov, who attended the ceremony dedicated to the construction of the terminal, said, โ€œWe are in fact creating an entire complex with a host of technological advantages โ€“ optimal logistical capability for delivering and storing base lubricants and finished product and a flexible production process meeting the latest European standards for key consumers.โ€

Lukoil acquired the lubricant plant from OMV Refining & Marketing GmbH. It produces 35,000 tonnes of product a year.