In Russia, the huge potential of raw material resources has stimulated the development of petrochemical products. Russia’s second largest oil producer, Lukoil, President Vajt Alekperov reported that Lukoil plans to invest US$3 billion in the production of petrochemical products in the next six years.

Alekperov made the above speech at the commissioning ceremony of the isomerization unit of the NORSI refinery under Lukoil. He said that the unit is part of Russia's efforts to improve fuel quality and ecological standards.

Lukoil predicts the annual output of the device is 800,000 tons. This will help Lukoil to increase gasoline production by 400,000 tons per year.

Keywords: engineering news, engineering construction, foreign construction news, foreign engineering construction, new energy

Russia's petrochemical industry has huge potential and may become one of the most important driving forces for macro-regional economic growth in the future. According to Refinitiv data, the NORSI refinery processed 11.161 million tons of crude oil in 2020. The plant will produce 3.317 million tons of gasoline, 3.158 million tons of diesel and 2.412 million tons of fuel oil in 2020. Editor/Sang Xiaomei