Located onshore Libya, the Abu Attifel and NC 125 fields are active in conventional oil production. Their peak production occurred in 1994, having already recovered 92.14% of their total recoverable reserves. Economic projections indicate that oil extraction will continue until these fields reach their economic limit by 2046. Presently, these fields contribute approximately 5% to Libya’s daily oil output.
The project involves fitting scrubbers onto container ships totaling a capacity of 8.09 million TEU. This initiative aims to comply with a new regulation enforced by the International Maritime Organization (IMO) since January 1st, 2020, which mandates an 85% reduction in sulfur emissions from shipping companies. The goal is to mitigate the sector’s environmental impact and enhance air quality. Scrubbers offer an effective solution for controlling emissions from large vessels by filtering exhaust gases produced during fuel combustion, thereby reducing pollution.
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.