Belarus does not plan privatization of oil refineries – Lukashenko
<p> MINSK, Oct 20 - PrimePress. Privatization of the Belarusian oil refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast) is not under consideration, President of Belarus Alexander Lukashenko said when coordinating the appointment of Andrei Soiko as Naftan CEO, the presidential press office reports. </p> <p> </p> <p> “You should know my principled position: we are not considering privatization of the oil refineries today regardless of how hard the market is now,” Lukashenko said. </p> <p> </p> <p> He said oil refineries all over the world are experiencing difficulties due to the falling oil prices and demand, and the impact of the pandemic. </p> <p> </p> <p> “Hence these problems. There are other problems, but we do not consider privatization of our giant companies, which we have preserved and, as you can see, managed to upgrade,” he said. </p> <p> </p> <p> Mozyr Oil Refinery is one of Belarus’ two oil refineries. </p> <p> It has been operating since 1975; transformed into an OJSC in 1994. The government of Belarus holds 42.757% of its shares; 42.581% belong to Slavneft owned by Rosneft and Gazprom Neft. MOR Plus LLC that represents interests of the company employees holds 12.252% (the state’s share was increased to 98.4% in 2006), other shareholders – 2.41%. </p> <p> </p> <p> Launched in 1963, Naftan is Belarus’ largest refinery and one of the largest in Europe. In 2008, Naftan incorporated another Belarusian refinery Polimir. 99.83% of the company belongs to the state. Naftan is capable of producing about 400,000 tonnes of diesel fuel per year. Naftan produces euro-4 and euro-5 diesel fuel, petrol and lubricants, which are exported to the EU, the Middle East and the United States. End </p>
2020-10-21
Primepress
Belarus does not plan privatization of oil refineries – Lukashenko
MINSK, Oct 20 - PrimePress. Privatization of the Belarusian oil refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast) is not under consideration, President of Belarus Alexander Lukashenko said when coordinating the appointment of Andrei Soiko as Naftan CEO, the presidential press office reports.
“You should know my principled position: we are not considering privatization of the oil refineries today regardless of how hard the market is now,” Lukashenko said.
He said oil refineries all over the world are experiencing difficulties due to the falling oil prices and demand, and the impact of the pandemic.
“Hence these problems. There are other problems, but we do not consider privatization of our giant companies, which we have preserved and, as you can see, managed to upgrade,” he said.
Mozyr Oil Refinery is one of Belarus’ two oil refineries.
It has been operating since 1975; transformed into an OJSC in 1994. The government of Belarus holds 42.757% of its shares; 42.581% belong to Slavneft owned by Rosneft and Gazprom Neft. MOR Plus LLC that represents interests of the company employees holds 12.252% (the state’s share was increased to 98.4% in 2006), other shareholders – 2.41%.
Launched in 1963, Naftan is Belarus’ largest refinery and one of the largest in Europe. In 2008, Naftan incorporated another Belarusian refinery Polimir. 99.83% of the company belongs to the state. Naftan is capable of producing about 400,000 tonnes of diesel fuel per year. Naftan produces euro-4 and euro-5 diesel fuel, petrol and lubricants, which are exported to the EU, the Middle East and the United States. End