•    Contract granted by OOO Stavrolen, a subsidiary of PJSC Lukoil, for the revamping of the existing Polyethylene units part of the  petrochemical complex in Stavropolskiy Region, Russian Federation.

Milan, xx August 2019 – Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A., through its affiliate OOO Tecnimont Russia, has been awarded a Lump Sum contract by OOO Stavrolen, a subsidiary of PJSC Lukoil ("Lukoil"), for the engineering design, procurement and construction activities for the revamping of a compounding line of the existing Polyethylene units within its petrochemical complex in Stavropolskiy Region, in the Russian Federation. 
The contract value is about EUR 50 million. 
The Scope of Work entails the installation of a new compounding line with all relevant accessories and ancillaries to be embedded into the existing facilities which shall be ready for operation by the first half of 2022.  
Tecnimont has been awarded this strategic project by Lukoil due to its consolidated expertise in the petrochemical sector and its strong experience in the implementation of polyolefin plants worldwide. 
Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “We are really glad to consolidate our cooperation with a prominent client such as Lukoil. With this achievement we further expand our industrial footprint in the Russian Federation, leveraging our strong capabilities in carrying out revamping projects, as part of our business strategy.” 

Maire Tecnimont S.p.A.
Maire Tecnimont S.p.A. is a company listed with the Milan stock exchange. It heads an industrial group (the Maire Tecnimont Group) that leads the international Engineering & Construction (E&C), Technology & Licensing and Energy Business Development & Ventures markets, with specific competences in plants, particularly in the hydrocarbons segment (Oil & Gas, Petrochemicals and Fertilisers), as well as in Power Generation and Infrastructures. The Maire Tecnimont Group operates in approximately 40 different countries, numbering around 50 operative companies and a workforce of about 5,500 employees, along with approximately 3,000 additional Electrical & Instrumentation professionals. For more information: www.mairetecnimont.com. 

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