Alakbarov

Ravil Maganov was a close associate of one of Lukoil’s founders, Vagit Alekperov

Lukoil plans to build a complex for the production of polypropylene on the territory of "Neftochim" in Burgas, Vagit Alekperov, president and co-owner of the Russian company, told the RNB business magazine, calling the facility "a small petrochemical complex" and "modernization of the old production" without specifying the amount of the investment.

DAVOS - Serbian PM Aleksandar Vucic met in Davos on Wednesday with Lukoil CEO Vagit Alekperov to discuss the company's new investments in Serbia.

Lukoil has 113 active petrol stations across Serbia and two oil storage facilities.

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Lukoil's investment would secure best quality of fossil fuels on the Bulgarian market, the company's CEO Vagit Alekperov has said.

The Russian company's CEO is in Bulgaria for the official opening of a heavy oil residue conversion plant at the Lukoil Neftochim Burgas refinery. Similar facilities are only located in 7 other countries around the world.