Media outlook in 2007

«For our enterprise the indebtedness states for 390 million gryvnya. We are ready to invest the whole amount of money into the enterprise’s development», — Ivan Boyko, CJSC LINIK Deputy General Manager and Chief Engineer, has informed while making his speech at the third International conference «Ukrainian market of the oil products: tendency of development, technologies, and equipment».

Such a prognosis has been announced by Felix Lunyov, LLC TNK-BP Commerce Vice-President on Sales and Logistics, at the third International conference «Ukrainian market of the oil products: tendency of development, technologies, and equipment» in Kyiv. Mr. Lunyov has also noted that, due to the cancellation of the import duties for oil products the oil price had stopped playing the role of the determining factor in the process of price formation for gasoline grades and the diesel fuel.

During the aforementioned period the enterprise has increased gasoline production for 20,7 % — up 1,628 million tons, and as for diesel fuel — for 17,1 % — up to 1,398 million tons.

In such a way the Government intends to restrain the negative influence of situation at the world markets on the value of the oil products in Ukraine.

Virtually all large companies in Ukraine are engaged in charity on various scales. Among the great number of social programs, a wide distribution has been given to projects, directed onto the protection and provision of children, usually, with an emphasis on the financial assistance and health care.

The production of gasoline has been increased for 8,4%, diesel fuel — for 4,8%, and mazut — for 2,5%.

In general the quantity of approximately 16,946 million tons of crude oil has been pumped along Odessa-Brody oil pipeline during its reverse regime of work.

This action is carried out within the framework of «Joy of childhood — free movements» joint program, developed by «Ukraine-3000» International charitable fund and LLC TNK-ВР Ukraine.

Two mobile laboratories will be on duty at TNK gasoline stations in Lugansk from October the 8^th till the 19^th. Every customer will have the possibility to demand an inspection of the oil products, being sold at a gasoline station, to be personally assured in their compliance with the existing standards.

Every customer can obtain the results of the express analysis of the gasoline or diesel fuel, taken from a gasoline station pump, to make sure that all indices comply with the norms.

In general, from the beginning of the year the Lisichanskiy oil refinery has increased the crude oil processing for 4,9% comparing with January – August 2006 – up to 3876,4 thousand tons.

In September the State consumer standard committee will introduce new requirements on the gasoline grades and diesel fuel. Thus, Euro-3 standard will be effective in Ukraine from September 2008. According to Yuriy Boyko, the Minister of fuel and energetics, the Lisichanskiy oil refinery, being managed by TNK-ВР Ukraine Company, is completely ready for transition into new quality standards.

On the whole, about 16,156 million tons of crude oil had been pumped during the period of the oil pipeline’s work in the reverse regime, from September 2004 and as on August the 31^st, 2007.

The combined primary oil refining unit and the catalytic reforming unit were launched on August the 23^rd, while the isomerization unit reached the normal regime of its work on August the 27^th.

At present any Ukrainian employer, taking the specifics of the national educational system into consideration, is much less oriented on the image of a higher education institution in the process of staff recruitment.

Ukraine stays on the threshold of redistribution of the oil products’ retail market. The owners of the gas stations, which have been working under brands of the large-scale oil companies, are now at the crossroads. The former partners are no longer interested in cooperation, and the jobbers have no other choice than either to continue working independently, or to sell their businesses.