Lukoil doesn’t plan to reduce oil processing at its plants in Europe – Alekperov

​Lukoil doesn’t plan to reduce oil processing at its plants in Europe, the President Alekperov said.

We have reached the economically effective processing volume and thus we don’t plan to reduce production as yet, he said. “The plants are working in a stable mode. Moreover, the margin of oil processing is good now”, he added.

A number of European oil refinery plants were reported to reduce oil processing volumes due to the negative margin of processing on the background of price fall for oil.