04 June 2013 15:28 [Source: ICIS news]
MOSCOW (ICIS)--Russian oil company Lukoil on Tuesday said it hopes that the production facilities of its Ukrainian petrochemical subsidiary, Karpatneftekhim, could be restarted in August.
However, a Lukoil source said that the plant's restart could be expected only if a protectionist import duty is approved by Ukrainian authorities.
Lukoil's statement follows remarks by Alexander Kalenkov, deputy head of Ukraine's state property agency, who said on Monday that Karpatneftekhim's restart was expected on 2 August.
Karpatneftekhim is based in Kalush in western Ukraine.
It has capacities to produce 300,000 tonnes/year of polyvinyl chloride (PVC), 200,000 tonnes/year of caustic soda, 180,000 tonnes/year of chlorine, 250,000 tonnes/year of ethylene and 100,000 tonnes/year of polyethylene (PE).
The plant has been idle following maintenance works in September and October 2012. Last year, Karpatneftekhim warned its production units would remain idle unless Ukraine's government introduced an import duty on PVC. However, Ukraine's government has been slow to approve the duty.
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