The Volgograd refinery (LUKOIL-Volgogradneftepererabotka, a wholly-owned subsidiary of PJSC LUKOIL) began production of low-sulfur fuel oil (BUNKER FUEL OIL 0.5) complying with requirements of the MARPOL international convention. The company plans to produce about 1 million tonnes of such fuel per year.

The MARPOL requirements limiting sulfur content in marine fuel to 0.5% or less for ships navigating under the aegis of the UN International Maritime Organization (IMO) will become mandatory from January 1, 2020.

Along with the fuel oil, the company produces other types of marine fuel with improved environmental characteristics. In 2015 LUKOIL's refinery in Perm began production of ecological marine fuel with lower sulfur content. It is intended for ships navigating in the Baltic Sea which is recognized as Sulphur Emissions Control Area (SECA). Every year the company produces about 1 million tonnes of such fuel.

About LUKOIL

LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally. LUKOIL enjoys a full production cycle to control the entire value chain from upstream to downstream. LUKOIL employs over 110 thousand people who join their efforts and talents to secure the Company’s market leadership.