Ceska rafinerska and Chemopetrol (Unipetrol’s two largest subsidiaries) yesterday agreed on supply terms until the end of this year. Ceska rafinerska will become a cost center instead of a profit centre as of the beginning of 2003, supplying its two owners, Unipetrol and an IOC consortium.
The issue of supplies from Ceska rafinerska to Chemopetrol had complicated the situation in the holding since the beginning of 2002, thus complicating the completion of Unipetrol privatization. We expect that the political pressure on Agrofert, the privatization tender winner, to complete the privatization will increase now.
Jan Hajek