LUKOIL invested 1, 5 billion USD in LUKOIL Neftochim Burgas

abarrelfullabarrelfull wrote on 11 Dec 2012 14:57

Latest News

{"module":"feed\/FeedModule","params":{"src":"http:\/\/\/feed\/pages\/pagename\/blog%3A_start\/category\/blog\/limit\/10\/t\/My+Blog","limit":"4","module_body":"* %%linked_title%%"}}
  • Want a weekly review of refining news?

25. 01. 2012

On 25. 01. 2012 in Sofia The Chairman of the Managing Board of LUKOIL Neftochim Burgas JSC – Sergey Andronov and the Chief Executive Officer of Technip, Italy – Marco Vila signed a contract for construction of a Complex For Processing Heavy Residue – one of the largest investment projects in Bulgaria. The ceremony was attended by the Vice-Prime-Minister and Minister of Finance - Simeon Diankov, by the Minister of Economy, Energetics and Tourism - Traicho Traikov, the Mayor of Burgas - Dimitar Nikolov, by Vladimir Nekrassov – the First Vice-President of LUKOIL Oil Company, the Head of the Main Division of Staff of OAO LUKOIL - Anatoliy Moskalenko, Director General of LUKOIL Bulgaria EOOD - Valentin Zlatev.

The Complex For Processing Heavy Residue in LUKOIL Neftochim Burgas JSC will be the largest catalytic Plant for hydrocracking in Eastern Europe. The cost of the First Phase of the Project alone exceeds 1,5 billion USD. The implementation of the project aims at increasing the efficiency of the refinery by application of state-of-the art processes for deep processing, thus increasing the production of light fuels and enhancing the quality of the fuel oil to the levels, defined by the European legislation. The Complex is of high environmental value, since by its commissioning out-dated units will be de-commissioned, like Sulphur Recovery Unit-2, Thermal Cracking, etc.

This Project, unique in its scale, is of considerable benefit to the Bulgarian economy. During the construction up to 3000 work positions will open, and a number of activities, relevant to engineering, transportation, logistics and production of parts and equipment will be entrusted to Bulgarian sub-contractor companies. On a long-term basis, the higher efficiency and depth of crude oil processing will increase the quantity and quality of the light fuels produced, which, in turn, will result in more revenue in the national budget.

Worldwide there are only 9 similar operating plants – in the USA, Japan, Canada, Kuwait, Poland and Mexico. In the preparation of the design for the joint-stock company all the available experience and all innovations with a positive effect in the previous plants have been applied.

The design for construction of the H-Oil And Hydrocracking Complex is under the license of the French company AXENS – a leader in the field of license processes for oil refining, petroleum chemistry and gas processing, supported by nearly 50 years of success in research and development. The first stage in the complex construction covers the construction of the first major unit – the H-Oil unit for hydrocracking of vacuum residue in rectors with ebullating bed, H-Oil of feed throughput design capacity of 2,5 MLN T/Y and auxiliary units: the first Hydrogen Unit, Amine Regeneration Section, Sour Water Stripper and a new Cooling Tower Section, is entrusted to the Italian Division of TECHNIP company – a leader in engineering and construction of units in the oil industry. By the contract signature the Company undertakes the obligation to complete the construction for a period of 36 months. In addition to the Complex a new Unit for Sulphur Recovery -4 will be constructed, and the contractor of the environmental project has not been selected yet.

In the second stage of construction, the construction of the second major unit is planned – VGOHCK – the unit for hydrocracking of vacuum gas oil in fixed bed reactors, of feed throughput capacity of 1,8 MLN Т/Y, and the second Hydrogen unit. Thus the Complex in Burgas will become the first of its kind, where high level of integration is applied for two major processes - H-Oil and VGOHCK. Such essential difference from all the other similar projects will turn the Burgas Refinery into an international leader in utilities and production efficiency.

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License