Karpatneftekhim included into LUKOIL resumed polyethylene production, LUKOIL informed.
The Plant was under shutdown from Sep. 2012 due to the unfavorable situation on the petrochemical market.
In Apr. 2012 the memo of cooperation was signed by LUKOIL and Ukraine government. The wide-scale modernization of the equipment was completed in 2011 which permits now to produce 250ths ton of ethylene and 100ths ton of polyethylene per year.
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 2012-net profit (RAS) dropped 10.2% to 217.807bn rub. from 242.637bn rub. prior year.
The IH 2013 net profit (RAS) rallied down 42% to 156.4bn rub.