Lukoil, Russia’s second largest oil company, is considering selling Karpatneftehima, the largest Ukrainian producer of polymers, he told reporters on Tuesday the director of Lukoil unit “Capital Markets and M & A” Pavel Zhdanov.

“The plant is in the form of a caretaker for two years We are actively exploring a variety of proposals from both the Ukrainian investors, and by European relative (sale) of the company.”, – He said.

It was noted earlier that in September 2015 the president of Lukoil Vagit Alekperov said in an interview with Vedomosti that Karpatneftekhim ready to begin work as soon as the government of Ukraine guarantees the VAT refund. He also noted that a lot of work with the Ukrainian government has been held for the past four years. However, he stressed that “no assurances that we will return the VAT, we do not run the plant.”

As reported by the MRC, the industrial production of PVC (PVC-C) Karpatneftehime was commissioned in May 2011. Investments in the project amounted to USD236 million, the project began in 2007. Production of polyvinyl chloride (PVC) and polyethylene (PE) on Karpatneftehime after long periods of inactivity (from September 2012) were launched in the autumn of 2013, respectively, but the production was stopped after a couple of months, since idle.

Karpatneftekhim (Kalush, Ivano-Frankivsk region) – a subsidiary of the company “Lukoil-Petrochemicals” – is the largest producer of polymers in Ukraine. Company produces polyolefins (ethylene and propylene), polyethylene, chlorine, caustic soda and polyvinyl chloride. Capacities of the enterprise allow to produce annually 300 thousand. tons of ethylene, 100 thousand. tons of HDPE, 180 thous. tons of caustic soda and 300 thousand. tons of PVC.

Lukoil – is one of the leading vertically integrated oil company in Russia. The main activities of the company include operations for exploration and production of oil and gas, production and sale of petroleum products. Lukoil is the second largest private oil Company worldwide by proven hydrocarbon reserves. In Lukoil structure includes one of the largest Russian and Ukrainian petrochemical industries – Stavrolen and Karpatneftekhim.