The organizations affiliated with the Belarusian state petrochemical concern Belneftekhim increased the export of goods to $7.7 billion in 2017, by 27.5% YoY, Belneftekhim Chairman Igor Lyashenko noted at a session to assess the performance of the concern in 2017.
In 2017 the concern met the main targets in foreign trade in goods and services. The exports of goods reached $7.7 billion, up by 27.5%. The exports of oil products surged by 32.1%, chemical and petrochemical products by 15.4%. The exports of services are expected to have grown by 16.5% versus 2016. The trade surplus in services grew by $23.1 million.
According to Igor Lyashenko, last year Belneftekhim maintained the momentum in sustainable development and carried out several investment projects. The industrial production index in comparable prices was 101% in 2017 as against 2016. In actual prices the Belneftekhim-affiliated companies boosted the industrial production output by 22.7%. The production of petroleum-based lubricants went up by 22.7%, 95 RON gasoline by 10.6%, 98 RON gasoline by 21.9%, and bitumen by 29.9%. The Belarusian petrochemical concern extracted 1.65 million tons of oil, or 100.3% as against 2016. The crude refinery output amounted to 18.126 million tons. Innovative products accounted for 45.6% of the total volume of Belneftekhim’s sales. Stocks of finished goods in 2017 went down by 1.6% and made up 12.8% of the monthly production output. The share of costs of production and selling products fell by 2.3%. The effect from the measures to reduce the costs reached Br228.7 million. (BelTA/Business World Magazine)