Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports dropped by 25.6% YoY in January-June to 107,600 tons (in terms of 100% nitrogen), a source in the profile ministry reported. In money terms exports shrank by 42.4% YoY to $52.349 million. The expert attributes shrinking proceeds to the decline in fertilizer prices. Grodno…
Belarusian Potash Company (BPC) shipped 32,589 tons of potash fertilizers to Turkey in January-June, up by 12% YoY. Potash export proceeds from Turkey-bound shipments dropped by 9% YoY to $13.5 million. Founded in September 2013, Belarus Potash Company (BPC) has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe,…
A draft agreement on the Customs Code of the Eurasian Economic Union (EEU) is expected to be signed at a session of the Supreme Eurasian Economic Council in December, the press service of Belarus’ State Customs Committee said. The draft agreement on the EEU Customs Code was submitted for domestic legal procedures in the EEU…
Belarus intends to offer even more preferences to resident companies of the China-Belarus industrial park Great Stone. Belarusian Economy Minister Vladimir Zinovsky made the statement before the session of the Belarusian-Chinese intergovernmental committee on cooperation on August 18. “We are preparing a draft presidential decree that will introduce serious changes into the document that regulates…
Russia’s oil company Gazprom Neft has 130,000 tons of crude oil processed on the give-and-take basis at Mozyr NPZ oil refinery in H1 2016, down by 35% YoY. Gazprom Neft has been supplying crude to Mozyr NPZ in accordance with the export schedule. The oil is shipped to Mozyr NPZ and the latter produces oil…
The Economic Court of Brest Region has started bankruptcy proceedings regarding Brest Household Chemicals Plant, the Finance Ministry of Belarus said in a release. The country’s largest manufacturer of household detergents, perfumery and cosmetics, Brest Household Chemicals Plant earned a net loss of Br406.9 million ($209.958 million) in Q1 2016. (Prime-TASS/Business World Magazine)
Belarus’ proceeds from oil product exports dropped by 35.3% YoY in January-June to $2.457 billion, a government source reported. In physical terms, Belarus’ oil product exports decreased by 1.5% YoY, to 8.869 million tons. The decline in proceeds from oil product exports results in the first place from the plunge in global prices of oil…