KIEV, March 15 – Only global investment into Ukrainian oil refineries could radically improve their economic indicators, and not duties on imported fuel - a move considered by Ukrainian authorities - according to director of Mozyr oil refinery (Belarus), Anatoly Kupriyanov.

"The situation with Ukrainian oil refineries is clear to me: the sector can't live without investment. I heard that one of the largest oil refineries in your country spends some $20 million per year," he said in an interview with the Dzerkalo Tyzhnia. Ukraine (Mirror Weekly) newspaper, adding that Mozyr oil refinery spends at least $45 million per year on current and scheduled repairs.

"We don't see this money as investment. As for $20 million for a large oil refinery, a single petrol catalytic cracking hydrofining aggregate costs $100 million," the top manager added.