Media outlook in December 2005 | |||
LINOS faces shutdown
It cannot be ruled out that in January the Lisichansk Oil Refinery can be shutdown, said the Governor of the Lugansk State Administration Gennady Moskal. The Press-Department of TNK-BP Ukraine confirmed that the company’s losses in November amounted to almost $20 million. At this moment the Ukrainian oil refineries cannot compete with the closest neighbours – refineries in Russia and Byelorussia, because their products flooded the Ukrainian market. “In these countries the oil prices are lower, than at the Lisichansk Oil Refinery minimum by $180 per one ton –Russia and Byelorussia get their oil without paying export duties, – informed the company’s Press-Department. – As a result the losses of the Ukrainian oil refineries amount to tens of million US dollars”. According to the experts, the Ukrainian State has to interfere as urgently as possible.
Source: Kiyevskiye Vedomsti