oil refining complex in the Netherlands. In 2020, the company was also in talks to reconstruct a refinery plant in Cameroon, which belongs to Cameroon's national refining company, Sonara. * – 49% and 45% shares respectively Speaking at a press conference in New York on October 18, 2006, the company's CEO Vagit Alekperov said Lukoil is refusing to build a new refinery in Russia. According to him, "at this stage it is inexpedient and economically inefficient." At the same time, Lukoil planned to build a large complex in Kalmykia for the processing of natural gas from the North Caspian fields worth over $3 billion. The work was supposed to start in the spring of 2008. Also in March 2007, Lukoil announced it would expand the capacity in the Lukoil Neftochim Burgas refinery in Burgas, Bulgaria from 7.5 million tons to 10 million tons of oil per year. Petrochemistry The subsidiary company Lukoil-Neftekhim specializes in petrochemistry, and operates the Stavrolen (Budyonnovsk), Saratovorgsintez, and the Karpatneftekhim (Kalush, Ukraine) petrochemical plants. Petrochemical facilities are also part of the Neftochim Burgas Combine in Bulgaria. "Lukoil" is the largest producer of alkene and acrylonitrile in Eastern Europe. Together with Sibur, Lukoil-Neftekhim owns a controlling stake in the Polief plant. Transportation Transportation of oil produced by Lukoil in Russia is carried out for the most part by the pipelines of Transneft, as well as by rail and water transport. Oil produced at the company's fields in Kazakhstan is transported through pipelines such as the Caspian Pipeline Consortium. Lukoil owns a number of oil and oil products terminals used for the export of oil and oil products: The terminal near Varandey off of the Barents Sea with a capacity of 12.5 million tons of oil a year is used for shipment of oil produced in the Timan-Pechora Basin. Sales Lukoil sells petrol in 59 regions of Russia and in 17 other countries, both CIS and Western: Azerbaijan, Belarus, Belgium (through its subsidiary Jet until late 2008, since rebranded to Lukoil), Bulgaria, Croatia (operated by Lukoil Croatia, but under the brand name "Europa-Mil"), Finland (Teboil), Georgia, Italy, Luxembourg, Moldova, Montenegro, Netherlands, North Macedonia, Romania, Serbia, Turkey and the United States. , it had 166 tank farms and 5,867 filling stations. Power generation Lukoil has the aggregate power generation capacity of 5,800 MW, of which 73% is for commercial use. Lukoil generates about 99% of electrical power of the