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LUKoil Neftochim Allocated Whole Profit to Reserves.

Europe Intelligence Wire

| July 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From PARI Daily)

Byline: Marieta HANDZHIEVA in Bourgas

THE BOURGAS refinery posted BGN 4.132 million in profit for 2002, it emerged after the general shareholders meeting. The total amount of taxes and government fees paid stands at BGN 1.018 million.

In 2002 LUKoil Neftochim processed 5.4 million tonnes of crude oil. Technological leaks and losses are reduces by 33.3%.

All liabilities of the refinery were paid off as on July 1, 2003, the management said. LUKoil Neftochim ...

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