LUKOIL opens bitumen products loading terminal in Kstovo

AK&M 21 October 2020 23:27

LUKOIL has opened a new terminal for shipping bitumen products in Kstovo. The opening ceremony was attended by LUKOIL President Vagit Alekperov and a member of the Legislative Assembly of the Nizhny Novgorod region Evgeniy Lyulin, the company informed.

The terminal, taking up more than 13 thousand square meters, allows to load up to 200 bitumen carriers a day. The facility offers an electronic queuing system, a vehicle examination area, a parking lot equipped with information displays, an automated weighing station, and a logistics center.

The new logistics center is highly digitized. This ensures timely dispatching of bitumen shipments and increases logistics efficiency thanks to faster processing procedures.

LUKOIL manufactures more than 40 types of bitumen materials. The company provides its partners with innovative products and service solutions, closely cooperates with road-building majors and Russian regions. Using LUKOIL's bitumen products extends lifespan of road surfacing.

PJSC LUKOIL (tax number: 7708004767) is Russia's second largest oil producer. The largest block of the company's shares is owned by its management. IFRS net profit of LUKOIL for 2019 attributable to the company's shareholders increased by 3.4% to RUB 640.2 billion from RUB 619.2 billion a year earlier. The company's sales revenue for 2019 decreased by 2.4% year-on-year to RUB 7.841 trillion from RUB 8.036 trillion.