MINSK, 20 September (BelTA) – The Belarusian petrochemical company OAO Naftan will spend $700 million on installing a delayed coking plant, Dmitry Avrach, Deputy Head of the Central Office for Prospective Development and Investment of the Belarusian state petrochemical concern Belneftekhim, told media on 20 September. The project envisages the construction of a delayed coking plant, plants to make hydrogen and sulfur, and the reconstruction of two hydrofining plants. The project’s accomplishment will allow the company to raise the crude oil refining efficiency up to 92%. The project is supposed to be implemented by 2015, the total cost will be $700 million. Mozyr Oil Refinery has built an installation for hydrofining diesel fuel. The company can now make automobile fuel compliant with Euro 5 standard. In the near future there are plans to install a complex for the deep processing of black oil fuel. The project is estimated to cost $1.5 billion. The first contracts with equipment suppliers have been signed. The Belneftekhim representative remarked that the main task of Belarusian oil refineries is to increase the oil refining efficiency up to that of the world’s leading enterprises or over 90% in other words.

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