MINSK, 3 August (BelTA) - The Belarusian state petrochemical concern Belneftekhim plans to complete more than 70 investment projects by the end of the year, BelTA learned from the concern following the meeting of its council to review the performance of the national petrochemical sector.
In 2017 the companies affiliated with Belneftekhim Concern are set to commission 73 objects including three major investment projects to upgrade the primary oil processing facility АТ-8 and hydrotreating unit L-24/7 at the Naftan oil refinery; and to launch the production of solid metal radial tires with the rim diameter of 57-63 inches at the giant tires plant at OAO Belshina, Belneftekhim said.
In the first half of 2017 Belneftekhim companies used more Br585 million of fixed capital investment. A total of 178 objects were under construction. Some 47 objects have been delivered.
Belneftekhim noted that following the meeting on the development strategy for the Belarusian oil refining industry held on 1 June 2017 Belarusian President Alexander Lukashenko gave an instruction to complete, before 2020, the upgrade projects envisaged in the development programs of OAO Naftan, Mozyr oil refinery, Belshina, Grodno Azot, Mogilevkhimvolokno, Lakokraska.
Currently, the major investment projects at OAO Mozyr oil refinery, Belshina, Grodno Azot, Mogilevkhimvolokno are running on schedule. The projects of the Delayed Coking Unit Construction program at Naftan are behind schedule.
More than Br36 million has been used to finance the projects included in Belarus' state innovative development program 2016-2020.
The volume of foreign direct investment attracted on a net basis is estimated at $90 million.
