Lukoil begins construction of gas chemical complex in Budennovsk

October 25 Budennovsk (Stavropol Territory) Deputy Prime Minister Igor Sechin, President of OAO "LUKOIL" Alekperov and the Governor of the Stavropol Territory Valery Gajewski took part in the ceremony of laying a capsule, symbolizing the beginning of construction of the first Gas Processing Plant (GPP) — a component of a gas chemical complex (GCC), which will be built in the industrial area, LLC "Stavrolen" (a subsidiary of OAO "LUKOIL").

The main raw material for MCC will be associated gas from the fields in which LUKOIL is developing in the Russian sector of the Caspian Sea. Construction of the complex is planned in several stages. In 2015 it is planned to put into operation the first stage GPP capacity of 2 billion cubic meters. m per year and unit-based combined cycle gas turbine capacity of 135 MW, as well as upgrade the existing plant for the production of ethylene to transfer it to the processing of liquefied gases.

In 2017, scheduled to be operational secondarily GPP capacity of 4 billion cubic meters. m per year, as well as the installation of ethylene production capacity of 225 thousand tons per year and the installation of polyethylene production capacity of 255 thousand tons per year. Thus, MCC will become the largest manufacturing center in the Russian polymers. In addition to the sales gas MCC will be sent to the transportation system of Gazprom. Payments to the budgets of all levels are planned in the amount of up to 10 billion rubles a year. The project is scheduled implementation of a set of environmental measures designed to improve the environment Budennovsky area, in particular, the construction of new water supply system and bypass tracks for transporting hydrocarbons. "The new gas-chemical complex in Budennovsk largely government will do the job for maximum utilization of associated petroleum gas. In addition, the construction of an industrial technology park for the processing of large-capacity chemical products into end products in close proximity to the GCC will create thousands of jobs and lead to economic growth in the region ", — said the President of OAO" LUKOIL "Alekperov

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