Companies controlled by Belarus’ petrochemical industries concern Belneftekhim produced a $339 million foreign trade surplus in January-June, Belneftekhim said in a release.
In physical terms, petrochemical exports remained unchanged year on year in H1 2016. In value terms, exports of chemical and petrochemical products have dropped by more than $1 billion due to the drop in export prices. In particular, exports of crude oil and petroleum products fell by 35% in H1.
Companies controlled by Belneftekhim invested Br620 million ($316.3 million) in production development.
As previously reported, companies controlled by Belneftekhim invested $993.443 million in production development in 2015.
Belneftekhim incorporates over 60 chemical and petrochemical enterprises, which account for more that 30% of Belarus’ industrial output: petroleum products, chemical fibers and threads, mineral fertilizers, tyres, glass fibers, paints and varnishes. Belneftekhim products are exported to more than 100 countries of the world. (Prime-TASS/Business World Magazine)
