Lukoil to restart Stavrolen ethylene unit by April
12/28/2011 12:00:00 AM
By JACOB GRONHOLT-PEDERSEN
Russian oil producer OAO Lukoil Holdings will resume production at the ethylene unit of its Stavrolen plant by April 1, following a fire at the petrochemical plant earlier this month, the company said Wednesday.
"Ethylene plant operation is expected to resume no later than April 1," Lukoil said in a statement.
A fire at the Stavrolen plant, which last year produced 684,000 metric tons of petrochemicals, mainly polyethylene, broke out Dec. 15 partially disrupting production.
The damage is estimated at $25 million, Lukoil said.
Dow Jones Newswires
Comments