Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports reduced by 22.8% YoY in January-July to 151,300 tons (in terms of 100% nitrogen), a source in the profile ministry reported. In money terms exports shrank by 42.3% YoY to $69.507 million. The experts attribute shrinking proceeds to the decline in fertilizer prices. Grodno…
Belarus’ proceeds from exports of domestic crude oil reduced by 32.3% YoY in January-July to $253.704 million, Belarus’ National Statistical Committee (Belstat) said in an official report. In January-July Belarus exported 945,900 tons of crude oil, up by 0.7% YoY. Belarus’ sole authority on oil exports is a state-controlled monopoly officially designated as Belorusneft. Germany…
Russian oil giant Rosneft has deactivated its Lisichansk refinery in east Ukraine, Rosneft CEO Igor Sechin said. “We are deactivating this plant for the time being. We have admitted part of the refinery’s personnel for work at Rosneft. Over 60 people have come to us”, Sechin said. “Our decision is to preserve all assets”, Sechin…
The Belarusian industrial group Belorusneft has signed an engineering and advisory services contract with Oil India, the press service of the Belarusian company reported. Under the contract, Belorusneft will provide comprehensive technology-intensive services to rehabilitate the Digboi oil field, India’s oldest oil field. Industrial reserves of oil were discovered there back in 1889. As of…
Belarus’ proceeds from exports of petroleum products to Poland grew 3.36 times YoY in January-July to $129 million, a source in the profile ministry reported. Belarus exported 367,216 tons of petroleum products to Poland in January-July, up 5.43 times YoY. Belarus exported 151,080 tons of petroleum products to Poland in 2015 (up 2.57 times YoY)…
Kazakhstan plans to increase oil production to 79.5 million in 2017 and to 86.5 million tons in 2021, according to the 2017-2021 socio-economic development outlook, the Kazakh National Economy Ministry reported. In the baseline scenario, the oil price is expected at $35 per barrel in 2017-2019, with an increase to $45 per barrel by 2021.…
Belarus’ chemical company OAO Grodno Azot manufactured Br885.5 million worth of chemical products ($452.71 million) in January-August, up by 3.8% YoY, the company said in an official report. OAO Grodno Azot’s nitrogen fertilizer output stood at 552,612 tons (in terms of 100% nitrogen) in January-August, down by 0.2% YoY; carbamide output increased by 0.9% to…