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Petrochemicals investment projects in Belarus

Here is an example of a petrochemicals investment project in Belarus

Mozyrsky Oil Refinery

Company name: Mozyrsky Oil Refinery

Investment Project:
Refinery upgrade.

Company profile:
Mozyrsky oil refinery (MOR) is seeking investment for new residual oil deep processing facilities to boost production.

This installation will allow MOR to add more products to its line of motoring fuels and improve its environmental performance. MOR specialises in the processing of oil and manufacturing products such as fuel oil, petroleum bitumen and sulphur. In 2008 the plant processed 10 million tones of oil with around 70% of its exports going to the EU and CIS. The refinery employs over 4,000 staff.

Ownership structure:
43% - State Property Fund of the Republic of Belarus,
43% - “Slavneft”, Moscow, Russian Federation,
12% - joint stock company “MOR”,
2.4% - private individuals.

Estimated project cost:
US $600 million.

Amount and type of required financing:
Subject to negotiation.

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