BELARUS NEWS AND ANALYSIS
DATE:
28/03/2008
LUKOIL Implements a Project in Belarus
Russia's oil giant LUKOIL has voiced readiness to set up lubricant production facilities at Naftan plant of Belarus. LUKOIL President Vagit Alekperov made the respective statement in Minsk on Friday after meeting with Belarus President Alexander Lukashenko.
"We have discussed today the chance of committing the venture that produces additive compounds to implement the project of lubricant production," Alekperov said.
Belarus president backed up the project, Alekperov went on, specifying that a working group will be set up to prepare a feasibility study. Alekperov also promised that LUKOIL would fund creation of additional fuel stations.
"We are the biggest player on the fuel market of Belarus. Over 4.5 million tons of oil will be supplied to republic's refineries this year. We are amid the five biggest taxpayers of Belarus," Alekperov said.
According to LUKOIL president, the company annually buys Belarus machinery for $30 million to $40 million. "Nowadays, this machinery of Minsk Automobile Works is well adapted to create special machinery for oil wells," Alekperov said.
Source:
http://www.kommersant.com/p-12259/r_529/LUKOIL_Belarus/
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