Media outlook in 2009

Lysychansk oil refinery has discontinued the production of low-octane petrol. The breakthrough decision has a simple explanation: why produce a cheap product from an expensive raw material?

Overview of the works on reconstruction and modernization of the Ukrainian oil processing enterprises.

Last week the Lisichansk Oil Refinery operator came out with serious intentions to conquer the oil products' market and to force out the importers.

The Lisichansk Oil Refinery intends to process approximately 374 thousand tons of oil in July this year, which amount is 36,9% larger than the results, obtained in the analogous period of last year.

The CJSC LINIK has informed that, starting from 16.07.2009, the LLC Oil Management Group has become the Chairman of the CJSC's Supervisory Board.

The Lisichansk Oil Refinery (Oil Refinery, (the CJSC LINIK, the Lugansk oblast') intends to process approximately 374 thousand tons of oil in July this year, which amount is 36,9% (by 100,8 thousand tons) larger than in June 2009.

We believe the most extensive expression of unintentional plagiarism was noted several years ago, when TNK-BP decided to modify its jobber program and laid special emphasis on the proper network development.

The meeting under the chairmanship of Alexander Tourchinov, the Vice-Prime-Minister, has made a decision to once again change the formula for fuel price calculation, binding it to the cost of gasoline at the Ukrainian oil refineries.

Ukrainian oil processing industry overview.

At the meeting on June the 18th the shareholders of Lisichansknefteproduct Company dismissed Mr. Vasiliy Sikorskiy from his position of the Chairman of the Board and appointed Sergey Petrov to become a new Chairman of the Board, starting from July the 1st.

Within the next few days TNK-BP may have a discussion with British Regal Company on the possibility to acquire its gas assets in Ukraine. 

The Antimonopoly Committee of Ukraine intends to judicially prove the appropriateness of 500 million hryvnya penalty, imposed on the CJSC LINIK, at the Supreme Court of Ukraine.

This week TNK-BP is going to conduct negotiations with British Regal Petroleum on the acquisition of its share or a complete takeover.

The Parliament has adopted an Act, providing for certain tax vacation for biofuel producers, for the term of ten years — till January the 1st, 2019.

Sergey Lizunov, LLC TNK-BP Commerce President, believes that «the principal factor, having influence upon the work of national petroleum refineries, is the uncertainty with the Ukrainian fuel market model».

Sergey Lizunov, LLC TNK-BP Commerce President, has become the «Oil» industry section leader of «TOP-100.

The income of consumers had been growing till the middle of 2008; all at once they had been getting loans for automobiles, and, since the roadway surface had not been expanded that quickly and significantly, traffic jams had become more and more tight.