22 February 2008 17:00 [Source: ICIS news]
LONDON (ICIS news)--Lukoil is planning to invest $270m in base oils production by 2017, Maxim Donde, CEO of LLK-International said on Friday.
Speaking at the 12th ICIS World Base Oils conference in ?xml:namespace>
The company is also aligning the quality of group I oils produced across its refineries.
“In 2005 there was a lot of variability in quality. By 2007 we made sure that
Lukoil, which until now has not produced any brightstock at its units is also investing in brightstock production.
Speaking on the sidelines of the conference, Donde added that the company was as yet unsure of the exact details in terms of commercial availability dates and volumes.
Lukoil has three base oils production facilities in
The conference runs from 21-22 February in
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