Russian energy giant Lukoil is beginning to build a new oil lubricant manufacturing plant in Almaty province of Kazakhstan, the company stated Thursday.
The new plant's groundbreaking ceremony was held on Thursday in Almaty where Maxim Donde, the general director of LLK-International (a wholly-owned subsidiary of PJSC LUKOIL), Akim Amandyk Batalov, representative of Kazakhstan's Ministry of Energy and officials from TOO Shar-Kurylys, the general contractor of the construction project attended.
The plant will be based in the Almaty region, which is on the transportation route between Western Europe and Western China.
"It is a new stage of LUKOIL's cooperation with the Republic of Kazakhstan. The capacity of the plant will be 100,000 tons a year with an option to increase the output up to 130,000 tons. About $85 million will be invested. A high-tech lube blending plant capable of producing world-class products will be built," stated Maxim Donde, general director of LLK-International.
According to company, Kazakhstan and other Central Asia countries including Afghanistan, Mongolia and China will be the market's main focus for the products' sales.
By Ugur Ertas
Anadolu Agency
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