28 March 2012 16:28 [Source: ICIS news]
MOSCOW (ICIS)--The restart of Stavrolen's main production facilities at its petrochemical plant in Budyennovsk, ?xml:namespace>
Following a fire on 15 December 2011, oil major Lukoil had previously pledged to restart its propylene, ethylene and high-density polyethylene (HDPE) facilities by 1 April, however, the units are now not expected to restart until July.
According to the company, the new equipment it purchased to restart the units are due to be supplied by Russian and foreign manufacturers between April and July.
Stavrolen’s PP unit, which was indirectly affected by the consequent disruption to the plant's propylene supply, was restarted on 11 March.
Lukoil estimated damages caused by the fire on 15 December 2011 at about €20m ($27m).
($1 = €0.75)
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