Naftan links confidence in improving business conditions with the Customs Union

December 11, Novopolotsk / Diana Kurilo - BELTA /. Naftan OJSC links confidence in improved business conditions with the Customs Union. This was noted in a conversation with a BELTA correspondent by Naftan OJSC General Director Vyacheslav Yakushev. "The issue of possible 'dividends' from the Customs Union of Belarus, Russia and Kazakhstan is under study. We hope that from mid-2010, business conditions will return to the 2006 level. This will be normal," the general director noted. According to Vyacheslav Yakushev, the enterprise's capacities were loaded at 100% this year. Based on the results of 11 months, net profit amounted to Br40 billion. By the end of the year, the joint-stock company plans to process more than 10 million tons of oil. The Novopolotsk oil refinery Naftan was commissioned in 1963 and is part of the Belneftekhim concern. The plant specializes in the production of fuel and oil products, producing more than 70 items, including oils, gasoline, and diesel fuel of Euro-4 and Euro-5 standards. About 70% of the products are supplied to CIS countries, the European Union, the Middle East, and the USA. -0-