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Flowserve awarded US$31mn pump order from LUKOIL

LUKOIL Neftochim Burgas AD, a subsidiary of Russian oil giant LUKOIL, is the largest oil refinery in the Balkans. The pumps will be used in the refinery’s new H-Oil & VGO complex in Burgas, Bulgaria.

“High crude oil prices and declining supplies of light sweet crude oil are causing refiners to invest heavily in processes that maximise the yield from every barrel of oil,” said Tom Ferguson, president of Flowserve’s Flow Solutions Group. “Flowserve has developed proprietary pumping technology and solutions that are well positioned to support the growing residuum upgrading industry.”

The Flowserve ebullating pumps will be equipped with Flowserve Technology Advantage Online Assurance, a program available through the newly formed Flowserve Integrated Solutions Group that is designed to provide 24/7 monitoring and life-cycle management to optimise asset availability.