Viktor Yanukovich and Vagit Alekperov

President of Ukraine Viktor Yanukovich, right, and president of Lukoil (Russian oil company) Vagit Alekperov during the ceremony of launching the new production line of chlorine and caustic soda by Karpatnaftokhim Ltd, in Ivano-Frankovsk region, on Thursday, November 11, 2010. President stressed the importance of this project in terms of using raw materials to be produced by the plant at other plants in Ukraine. President praised investors’ contribution in modernization of Karpatnaftokhim. First of all, he thanked OJSC LUKOIL President Vagit Alekperov. "Many thanks to Vagit Alekperov and his company, who kept their word and invested over $550 million in reconstruction of the enterprise," he said. He expressed confidence that modernization of Karpatnaftokhim will continue. "I think this plant will see further development, launching of the second and third set of investment projects and approaching about $1 billion of investment," Viktor Yanukovich said. He also said it is possible that one day the enterprise will become the most advanced in Eastern Europe, and Europe as a whole. The President wished the factory workers that they believed in the future and always had reliable jobs with high pay. Photo by Andrey Mosienko / POOL / UNIAN