Spectator on facebook

Spectator on facebook

CORPORATE NEWS

Nafta posts 1996 results

The natural gas storage company Nafta Inc., located in Gbely, made a pre-tax profit of 885 million Sk on 3.4 billion Sk in sales last year, according to preliminary results, company officials announced. The figures are lower than 1995's postings of 1.07 billion Sk in pre-tax profits and sales of 3.7 billion Sk. "It was caused by a decline in mining activities and also lower prices for our final products," explained Nafta's director Juraj Grebáč.

This year, Nafta will focus on mining oil and gas, geological research, and on storing natural gas. At present Nafta's storage capacity is 1.7 billion m3 of gas, though Grebáč sees its potential being 10 million m3. It rents storage facilities to the state-owned gas company Slovenský Plynárenský Priemysel (SPP) and the Czech Gas Company. Total investments into new storage facilities will require 8 billion Sk.

"Investments worth 1 billion Sk which were announced by Druhá Obchodna representatives are just the beginning," Grebáč said. "The projects already in progress will see much higher investment by 2004. I do not exclude the possibility that Nafta will also rent storage facilities to the Russian [gas company] Gazprom. Recently, however, no contacts between the two companies have been made."

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia has extradited Yandiev to Russia

Despite the UN decision, the country sent Ingushetia citizen Aslan Yandiev to Russia where he is wanted for alleged terrorism crimes. It cites the stance of the ECHR.

Illustrative stock photo

More reasons to stay

Excluding people doesn’t just affect those who choose to leave.

Creator of the Krav Maga self-defense system was from Bratislava Photo

The versatile athlete Imi Lichtenfeld finally has a memorial plaque in the Slovak capital.

Unveiling of the commemorative plaque: curator Michal Vaněk, Yaron Lichtenstein, BKIS director Vladimír Grežo and Museum of Jewish Culture's director Pavol Mešťan, from left.

Construction of underground roundabout changes traffic flow on Bratislava’s Mlynské Nivy

Mlynské Nivy Street will be transformed into a modern boulevard by the autumn of 2019.

New construction on Mlynské Nivy Street.