Regional News

Naftan invests around Br160bn in fixed capital so far this year

NOVOPOLOTSK, 17 June (BelTA) – The Belarusian petrochemical company Naftan has invested around Br160 billion in fixed capital since the beginning of the year, Naftan representatives told BelTA. Twenty-two major investment projects are in the pipeline. Efforts are underway to build a crude oil distillation plant AT-8, a low temperature isomerization plant Penex, and a vacuum unit of the viscosity breaking plant. The project to build a delayed coking unit has begun. It will allow increasing the crude oil upgrading index up to 92-94% and turning out an additional amount of light-oil products. There are plans to finish the construction and put into operation five installations by the end of the year. In 2006-2009 fixed-capital investments at Naftan amounted to about Br1.2 trillion. The Novopolotsk-based oil refinery Naftan was commissioned in 1963. It is part of the Belarusian petrochemical state-run concern Belneftekhim. The company specializes in fuels and oils, offering over 70 titles, including oils, petrols, Euro-4 and Euro-5 compliant diesel fuel. The company sells around 70% of the output to the CIS states, the European Union, Middle East and the USA. In late 2008 the petrochemical company Polymir was merged with Naftan to create a petrochemical alliance.

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