436664_900The Ministry of Energy and Coal Industry of Ukraine forecasts the resumption of production at Karpatneftekhim (Kalush, Ivano-Frankivsk region) from May this year, Interfax reports with reference to the deputy head of the department Galina Karp.

“This enterprise, according to my information, will be launched from May,” she told reporters on the sidelines of the Ukrainian Gas Investment Forum 2017 forum.

As previously reported, in February 2017, LUKOIL completed the sale of a 100% stake in LUKOIL Chemical B.V. (Netherlands), which owns the petrochemical plant Karpatneftekhim, located in the Ivano-Frankivsk region of Ukraine.

The Antimonopoly Committee of Ukraine has authorized Techinservice Limited (UK) to buy more than 25% of Dutch Lukoil Chemic, to an unspecified natural person of Ukraine indirectly through Xedrian Holding Ltd (Cyprus) – more than 50% of Lukoil Chemic (according to the state register of Ukraine, the ultimate beneficial owner Lukoil Chеmical is absent ).

The indirect owner of more than 50% in LLC “Karpatneftekhim” through Xedrian Holding Ltd (Cyprus) became Ilham Mammadov, who previously headed the FDI “LUKOIL-Ukraine”, reported AMCU. I. Mamedov was appointed the head of FDI “LUKOIL-Ukraine” on November 29, 2014, when the NK already announced the sale of a network of filling stations in Ukraine. Prior to this I. Mamedov worked on other positions in the structures of LUKOIL.

As previously reported by the Market Report, at the end of February LUKOIL began the reopening of the Karpatneftekhim for sale. It was reported that the launch of the enterprise is scheduled for late March – early April.

Karpatneftekhim (Kalush, Ivano-Frankivsk region) is the largest producer of polymers in Ukraine. The company produces polyolefins (ethylene and propylene), polyethylene, chlorine, polyvinyl chloride and caustic soda. The enterprise’s capacities allow producing 300 thousand tons of ethylene, 100 thousand tons of HDPE, 180 thousand tons of caustic soda and 300 thousand tons of PVC per year.