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EUROCHEM 20/04/2007

IN Q1 2007 EUROCHEM ENTERPRISE IN NEVINNOMYSSK

In the first quarter of 2007 Nevinnomyssky Azot product and service output was RUR 3.79 bn worth, or 126% of the level of 2006.

The enterprise produced 237,000 tonnes of mineral fertilizers (100% nutrient content), up 8% from the corresponding period last year. The total output of ammonia was 287,000 tonnes (105% of the level of Q1 2006). The overall output of urea increased by 3% to 220,000 tonnes, of which 153,000 tonnes of merchant-grade ammonia, or 115% of the level of 2006. The overall production of ammonium nitrate was 313,000 tonnes (113%), of which 173,000 tonnes of merchant-grade product, or 145% of 2006. The enterprise produced 99,000 tonnes (104%) of nitroammophoska, 189,000 tonnes (84%) of UAN solution due to the market environment and ammonium nitrate and urea sales increase.

The organics segments showed positive dynamics: methanol output increased to 33,000 tonnes (109.5%), acetaldehyde - 11,500 tonnes (116%), and acetylene – 9,700 tonnes (112%). The output of acetic acid reduced by 6% to 41,000 tonnes due to the scheduled maintenance of the synthesis reactor in January.

Energy saving as regards standard saving rates was 4.5% (electricity), 6.7% (steam), and 6.3% (circulating water).

At the quarter end the enterprise started a maintenance campaign. From March 26 the 1st line of acetylene and acetaldehyde equipment was shut down for maintenance. Together with organic synthesis shop shut down, KAAR-15 air separation unit was shut down for preventive maintenance, and, on March 31, methanol production units at shop No. 9.