The most important oil refinery in Belarus, Naftan, is currently struggling with increasing oil prices and decreasing wages, while the whole country has been affected by the economic crisis, and protests against an unpopular new tax are on the increase.
“In 2017, as compared to 2016, we saw a general improvement of the spread between world price quotations for crude oil and petroleum products,” Naftan General Director Alexandr Demidov tells Emerging Europe. “Besides, a refinery’s operations also depend on the sophistication of its processes: the oil conversion ratio, share of light petroleum products yield, quality and range of products. In this …read more
Source: Emerging Europe