Page 15 - FSUOGM Week 18 2021

FSUOGM NEWS IN BRIEF FSUOGM

Nizhnekamskneftekhim have had a strong and
collaborative partnership,” said Leon de Bruyn,
Lummus Technology’s President and CEO.
“Lummus was selected for its superior technolo-
gies to help Nizhnekamskneftekhim extend their
product slate, and we are grateful for the trust
by this important client in our ability to support
them for many years to come.”
Lummus’ scope includes the technology
license and basic engineering for the ethylben-
zene, styrene monomer, ethylene dimerisation
and olefins conversion units. Once complete,
the units will produce 250 KTA of ethylbenzene
via the EBOne™ technology, 250 KTA of sty-
rene monomer via the Classic SM™ technology
and 150 KTA of polymer grade propylene pro-
duction via olefins metathesis chemistry using
Lummus’ ethylene dimerisation (DIMER) and
olefins conversion technologies (OCT).
PJSC Nizhnekamskneftekhim is one of the
larger petrochemical companies in Europe and
a leader in the production of synthetic rubbers
and plastics in Russia.
Prime Minister of the Republic of Kazakhstan our deeds.” Lummus Technology, April 26 2021
Askar Mamin: “Co-operation with the Republic Tatneft is one of the largest Russian vertically
of Tatarstan occupies a special place in the strate- integrated oil companies, which dynamically
gic partnership between Kazakhstan and Russia. develops oil and gas production, oil refining, pet- LEGAL
I would like to express my special gratitude to rochemicals production, a tyre manufacturing
Rustam Nurgalievich Minnikhanov, President of complex, operates a network of filling stations, JKX loses litigation
Tatarstan, for his continuous personal support of power engineering, development and produc-
our interaction. We aim at further expansion of tion of equipment for the oil and gas industry against Ukrainian tax
industrial co-operation.” and a block of service structures.
President of the Republic of Tatarstan Rustam KamaTyresKZ is a joint venture established authority for $14mn
Minnikhanov: “Kazakhstan is one of the leading in Kazakhstan by Tatneft-Neftekhim Manage-
foreign partners of Tatarstan. The co-operation ment Company and Allur Tyres in October 2020 JKX Oil & Gas (JKX LN) reported on April 28
of Tatneft Company with Kazakhstan is one of with the aim of organising the tyre production that its Ukrainian subsidiary had received a final
the examples of successful joint efforts. There are in the Saran city of the Republic of Kazakhstan. judgment from the Supreme Court in favour of
tyre projects, projects for geological exploration, Allur Group of Companies is a shareholder the tax authority related to tax claims for 2010.
development of oil fields, oilfield service pro- of SaryarkaAvtoProm, which is the largest car To this end, the company is obliged to pay
jects being implemented; various fuels, as well as manufacturer in Kazakhstan, an official dis- $14.1mn to the tax authority. According to the
fiberglass products are delivered to your country. tributor, manufacturer and the dealer of JAC, report, the company “is under no immediate
I am sure that this production will become an Ankai, Chevrolet, KIA, AvtoVAZ, UAZ and obligation to pay the judgment,” as another hear-
important element of the package of measures MAN brands in the territory of the Republic of ing that could allow the authorities to collect the
to ensure the intensive socio-economic develop- Kazakhstan. payment “is expected to be heard in late 2022.”
ment of Kazakhstan. It will also serve to further Tatneft, May 04 2021 In its recent annual report, JKX stated that the
expand the Tatarstan-Kazakhstan co-opera- hearing on this case was successful for the com-
tion for the benefit of strengthening relations Lummus Technology pany in June 2017, when the Kharkiv Appellate
between the Russian Federation and the Repub- Court upheld the judgement of a lower court in
lic of Kazakhstan.” announces master licensor favour of the JKX subsidiary. At the same time,
Nail Maganov, General Director of Tatneft: the company has maintained provisions for pay-
“Joint projects in Kazakhstan prove once again award in Russia ment under such litigation.
that our fraternal peoples are united by great “From the court ruling database, we learned
friendship. Implementing the new production Lummus Technology today announced that it that the Supreme Court cancelled the 2017 rul-
works, we are strengthening the foundation of has been awarded a master licensor contract by ings of the first-tier and appellate courts that
a single Eurasian economic community. There Nizhnekamskneftekhim for its ethylbenzene, were made in favour of JKX. In this way, the
are many plans. Our partnership is growing styrene monomer, ethylene dimerisation and court re-instated the rulings of the first-tier and
stronger. We see common prospects in a variety olefins conversion technologies. These four appellate courts made in 2014, which were not in
of areas, including the development of oil and gas plants will be part of the expansion of an olefins favour of JKX. The news is a negative surprise for
production and as well as that of the petrochem- production facility in Nizhnekamsk, Russia. The JKX, which is now very likely to pay $14.1mn to
ical industry. I am sure that we will achieve all dimerisation and olefins conversion units will be the Ukrainian tax authorities, whereas from the
the goals that we face by applying joint efforts, the first in Russia. company’s reports it did not look that the proba-
as long as our words are always consistent with “For nearly half of a century, Lummus and bility of such an outcome [was] high.

Week 18 05•May•2021 www. NEWSBASE .com P15