Russia's Lukoil plans to ramp up production at Perm base oils unit

16 April 2012 16:31  [Source: ICIS news]

LONDON (ICIS)--Lukoil expects to ramp up production rates at its Perm base oils unit this week, following planned maintenance work, a source at the Russian supplier said on Monday.

The 480,000 tonne/year Perm unit has been operating at minimum rates since 15 March to allow work to take place.

Lukoil’s 345,000 tonne/year base oils plant in Nizhny Novgorod remains operating at minimum rates while maintenance work continues.

Work at this unit also started on 15 March, but is set to continue until 15 May.

Lukoil’s reduced production has coincided with other output cuts in Europe and Russia, which has led to a tight Group I base oils market.

This has supported price rises across Europe and in the Black Sea and Baltic Sea.

By: Carl Roache
+44 20 8652 3214

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