Belarusian Oil Refineries Reach Profitable Work, Sidorsky

18.06.2010 10:29
Архив Редакция

At a meeting on production capacity and results of financial and economic activities of Naftan, Prime Minister, Sergei Sidorsky, stated that Belarus' oil refineries in January-April period of this year have reached profitable work.

The head of the government noted that as results of four months Naftan and Mozyr oil refinery have got a net profit. It reflects the effective work of technical and economic services of the companies to reduce expenses and decrease cost prices, as well as the effective operation of Belneftekhim concern, the prime minister said, BelTA informs.

According to Sergei Sidorsky, till the end of the year the government will allot 920 billion rubles (more than 300 million dollars) for modernization of oil refineries in Belarus, moreover, about 300 billion rubles will be presented in form of direct foreign investment. Completion of modernization works at Mozyr oil refinery this year will enable the enterprise to produce the whole volume of diesel fuel in accordance with the standards of Euro-5.

In January-April of this year, there were directed more than 300 billion rubles to upgrade the two refineries, including 166.8 billion rubles to Mozyr oil refinery, 136.4 billion rubles to Naftan.

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