Lukoil still undecided on future of Burgas, Bulgaria petchems site

26 September 2013 14:09  [Source: ICIS news]

LONDON (ICIS)--Russia-based Lukoil is yet to decide on the future of the indefinitely mothballed petrochemical complex at its Lukoil Bulgaria subsidiary, the parent company said on Thursday.

“Further development of the petrochemical complex there is under discussion,” said Moscow-based Lukoil spokesman Vladimir Semakov, in reference to the installations at Burgas on the Black Sea coast, which were shut in mid-2009.

Just one petrochemical unit remains in operation at the site, namely an 80,000 tonne/year polypropylene (PP) plant which, according to Semakov, had an output of 65,800 tonnes in 2012.

A middle-management source at Lukoil Bulgaria said the lack of information from Lukoil in Russia over whether or not the petrochemical complex would be permanently closed was rather frustrating given the four-year length of the shutdown so far.

Any investor looking to make an acquisition at the site would probably have to purchase and operate all of the plants because the feedstock chain necessitated a high level of inter-dependability between the units, he added.

The units include a 150,000 tonne/year ethylene cracker, an 85,000 tonne/year low density polyethylene (LDPE) facility, an 80,000 tonne/year ethylene oxide (EO) plant, a 100,000 tonne/year monoethylene glycol (MEG) plant and a 10,000 tonne/year ethanolamines unit.


By: Will Conroy
+44 20 8652 3214



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