The Belarusian state petrochemical concern Belneftekhim increased the export of goods by 8.2% in H1 2017, the concern reported following the meeting of its council to review the performance of the national petrochemical sector.
According to Belneftekhim Chairman Igor Lyashenko, the concern met all the targets for foreign trade in goods and services in H1. The export exceeded $3.72 billion, up by 8.2% YoY.
“Thanks to the sufficient amount of oil for the Belarusian oil refineries to operate in an optimal mode and also an efficient sales strategy of the Belarusian Oil Company the concern managed to increase the export prices for oil products 1.55-fold. As a result, the export of the sector went up by more than $930 million,” representatives of the concern said.
The concern added to its export of goods in value terms thanks to its export strategy of top-priority supplies to the most marginal markets and also making use of a favorable pricing environment. The export of oil remained practically at the last year’s level (807,500 tons, or 99.6%) in quantitative terms and increased 1.3-fold, to $286 million in value terms. The concern increased the export of chemical and petrochemical products by 6.7%. For instance, the export of Polotsk Steklovolokno went up by 9.5%, that of Mogilevkhimvolokno – by 9.7%, Lakokraska – by 13.1%, SvetlogorskKhimvolokno – by 11.2%, Grodno Azot – by 11.2%, Gomel Chemical Plant – by 2.4%.
The Belneftekhim organizations continue their efforts to diversify markets. The concern also met the target on the export of goods to new promising markets, which was set at 7.5% of the total exports for 2017. (BelTA/Business World Magazine)
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