Its roles Owner Investor / Financier Offtaker
LUKOIL is a major Russian, vertically integrated energy company headquartered in Moscow. It operates across the full oil and gas value chain, including exploration and production of crude oil and natural gas, refining, fuels marketing, lubricants, and power generation. The company has operations in Russia and select international markets.
In the chemical sector, LUKOIL’s downstream portfolio includes petrochemical and gas processing assets that convert associated petroleum gas and natural gas liquids into feedstocks such as ethane and LPG. These feedstocks support production of basic petrochemicals and polymers, including olefins and polyolefins (e.g., polyethylene and polypropylene), as well as various intermediates used by chemical manufacturers. Integration with the company’s refining network provides naphtha and other streams for petrochemical conversion, enabling supply to domestic and export customers.
chemXplore tracks 3 projects involving LUKOIL, of which one is active.
Besides this one, the record holds 2 completed projects.
Closest to start-up first.
The 2 that are completed, on hold or cancelled are in the record. See all 3 in chemXplore →
The new unit will boost gas utilization to 5 bcm/year, increasing ethylene, polyethylene, and polypropylene production. This aligns with energy transition goals and benefits the Stavropol region economically.
The $600M deal allows LUKOIL to replace Dow Chemical as Total’s partner, enhancing its position in North Western Europe with access to advanced refining capabilities and strategic infrastructure.
The new unit in Priolo Gargallo will produce 220 million m3 of hydrogen annually, supplying two refineries for 15 years, reducing sulphur in gasoline and diesel. Investment: €45 million.
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