The project consists of two plants: one for producing linear polyethylene (PEL) and another for producing polypropylene (PP), each with an annual production capacity of 300,000 tons.
Both plants utilize cutting-edge technologies that ensure top energy efficiency. These technologies are leading in the market and are the first of their kind to be implemented on the Iberian Peninsula.
North Safa is an active conventional oil field situated in shallow waters off the coast of Egypt. Specifically located in the Northeast Ramadan Concession block, the field operates at a water depth of 217 feet. Anticipated to reach peak production by 2026, North Safa’s oil extraction will persist until it reaches its economic limit in 2041, as per economic projections.
The project involves upgrading the Reactor and Regenerator sections of the FCC Unit at Lukoil’s refinery in Bulgaria. This upgrade will boost the unit’s efficiency, enabling it to process more oil and produce higher-quality products. Additionally, it sets the stage for Lukoil’s future investments in the refinery, positioning the company for long-term success in the industry.