Thursday, July 31, 2008

LUKoil mulls US$3 bln investment in ethylene plant in South Russia

Russia's largest independent crude producer - LUKoil, plans to invest US$3 bln in an ethylene and derivatives plant in South Russia's Stavropol Territory. Feedstock for the project could be sourced frrom hydrocarbons extracted in the northern part of the Caspian Sea.

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