A new unique facility worth USD 71 million was officially put into operation in "LUKOIL Neftochim Burgas" by Economy Minister Bozidar Lukarski, LUKOIL First Vice President Vladimir Nekrasov, Russia's Trade representative in Bulgaria Igor Ilingin and "LUKOIL Neftochim Burgas" Chairman Sergei Andronov.
The installation is the first object of the unique new oil processing complex. The first stage is to be completed this year.
Though the current investment is USD 71 million, Minister Lukarski stressed that the total money invested in the new facility once completed will be a staggering USD 1.5 billion. As such, the refinery will be the largest private investment in the country.
Following the investment "LUKOIL Neftochim Burgas" will be among the most modern refineries in the world, emphasized LUKOIL Vice President Vladimir Nekrasov.
"Sulphur-4" is designed for the processing of hydrogen sulfide generated during the thermocatalic processes of the petroleum fraction. The commissioning will allow to stop operation of the old plant "Sulphur-2", built in the 1960s.
The new installation will allow "LUKOIL Neftochim Burgas" to produce more high quality products and reduce environmental impact.