LUKOIL is ready to revive the production process at Karpatneftekhim (Ukraine), the company informed.
The ethylene production is expected to start in Dec. 2013; in Sep. the polyethylene production was resumed.
The Plant has been under shutdown since Sep. 2012 due to the unfavorable situation on the petrochemical market. In Apr. 2013 the Ukrainian government and LUKOIL signed a memo on the measures aimed to reach the profitable level at the Plant.
LUKOIL (TIN 7708004767)is ranked as the second by the crude oil output in Russia. The share capital is equal to 21264081.375 rub. 850563255 common stocks of 0.025 rub. par are under circulation. The top managers hold the largest stake of the stocks.
In 2012 the output dropped 0.9% to 89.9mln ton. The proved reserves by
2011 end under SEC gained 17.3bn barrels of the crude equivalent.
In 2012 LUKOIL managed to increase the net profit under US GAAP 6.2% to $11.004bn. EBITDA climbed up 1.7% to $18.915bn; revenues from sales - 4.1% to $139.171bn. The free money flow gained $6.429bn; capital expenses - $11.85bn; net debs reduced 41.5% to $3.707bn.
The 9-month 2013 net profit reached 202.044bn rub. (RAS) which is 20% below prior year figures.
The 9-month 2013 revenues added 4% to gain 31.147bn rub.; revenues from participation in other companies declined 20% to 209.834bn rub.
"AK&M", 11:40, 05.11.2013 1251 AKM,COR