Naftopol oil refinery plans new investments at home and jointly in Ukraine

Oil refinery firm Naftopol is planning investments in Ukraine, as well as spending zl.8 million on a domestic diesel hydro-refining facility, as a result of tougher emission standards going into effect. Together with a Ukrainian partner, the company is hoping to take advantage of lower oil prices and easier access to reworked oil in Ukraine. The new diesel facility will be implemented in 2002 to adjust to European Union norms, which impose stricter regulations on sulfur content in diesel fuel. Last year Naftopol recorded a net profit of zl.4 million. (Prawo i Gospodarka, p.4) T.J.