05 August 2013 15:17 [Source: ICIS news]
MOSCOW (ICIS)--Russia's oil company Lukoil voiced hope on Monday that production at its Ukrainian petrochemical subsidiary Karpatneftekhim could be restarted next month.
"We expect Karpatneftekhim may restart its operations in early September," a Lukoil source stated on Monday. However, the source made it clear that the plant's restart would still depend on approval of protectionist import duty by the Ukrainian authorities.
Karpatneftekhim is based in Kalush, Ivano-Frankov region, western Ukraine. It has the capacity 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 remained idle following maintenance 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 at a rate of 6.5%.
Ukraine's government pledged to approve the duty. In June, Ukraine's authorities said the restart was expected on 2 August.
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