Do More With Reuters
Partner Services

UPDATE 1-Belarus in plants sale talks with Rosneft, LUKOIL

Fri Aug 1, 2008 6:29pm IST
 
Email | Print | | Single Page
[-] Text [+]

(Adds detail, more quotes, background)

MINSK, Aug 1 (Reuters) - Belarus is discussing the privatisation of Naftan oil refinery and Polimir petrochemical company with Russian oil majors Rosneft (ROSN.MM: Quote, Profile, Research) and LUKOIL (LKOH.MM: Quote, Profile, Research), Belarus first deputy prime minister said on Friday.

"We are in talks on Naftan and Polimir with Rosneft and LUKOIL. The investor must have feedstock to supply the plants and markets to sell production. LUKOIL might become a wonderful partner," Vladimir Semashko told a briefing.

Belarus said it was planning to sell 50 percent in a combined company that would unite Naftan and Polimir plants with connected technology processes. The government is planning to carry out a pre-sale international audit of the companies.

Semashko said the main option considered is creating a 50-50 joint venture but gave no financial details of the deal.

He added the government was expecting the oil companies to present their business plans in autumn.

Naftan, one of Belarus's two refineries, processed around 200,000 barrels per day last year. (Reporting by Andrei Makhovsky in Minsk, Writing by Tanya Mosolova in Moscow; Editing by Mike Nesbit)

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

Reuters correspondent Sourav Mishra recounts the unforgettable night of Nov. 26 at Mumbai's Leopold Cafe
Back from the Dead
REUTERS WITNESS - 26/11

Reuters correspondent Sourav Mishra recounts the night of Nov. 26 at Leopold Cafe.  Full Article | Full Coverage 

One Year Later

A look back at the events of 26/11 ahead of the first anniversary of the militant attacks in Mumbai that killed 166 people.  Slideshow | Full Coverage 

Thierry Henry's handball scandal

Barcelona's Thierry Henry takes part in a training session at Nou Camp Stadium in Barcelona, November 23, 2009. Barcelona and Inter Milan will play their soccer Champions League match on Tuesday. REUTERS/Albert Gea
FIFA to hold meeting

FIFA to hold an extraordinary meeting before World Cup draw to discuss Thierry Henry's handball in the qualifiers and discovery of match-fixing ring by German police.  Full Article