Belarus Oil and Gas

Upgrade of Naftan and Mozyr refinery to be completed by November 7, 2019

Modernization of Naftan and Mozyr refinery is scheduled to be completed by November 7, 2019, the Interfax reports with reference to the Deputy Prime Minister of Belarus Vladimir Semashko.

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In 2018, Belorusneft plans to produce about 835 thousand tons of oil in South America

In 2018, Belorusneft plans to produce about 835 thousand tons of oil in Venezuela and Ecuador. This was reported by Belorusneft on May 16, 2018.

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Belarus hopes for the emergence of a common gas and oil market in Eurasian Economic Union by the end of the year

Minsk hopes that by the end of 2018 the countries of the EEU will agree on a single market for gas, oil and oil products. This was stated by the President of Belarus Alexander Lukashenko.

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In Q1, Gazprom’s net profit under RAS was 122.6 bln rubles

In the first quarter of 2018, the net profit of Gazprom under RAS increased by 13.9% compared to first quarter 2017 and made up $122.611 billion.

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Oil supplies from Russia to Belarus are on schedule

Russian oil is delivered to Belarusian refineries for processing according to the schedule. This was reported by chairman of Belneftekhim I. Lyashenko on May 13, 2018.

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Minsk wants to reach agreement with Moscow on reduction in the gas price by mid-2019

By July 1, 2019, Belarus expects to agree with Russia on gas price as close as possible to the domestic Russian price, the Deputy Prime Minister of Belarus Vladimir Semashko said at the ATOMEXPO fo

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In April 2018, Grodno Azot increased output of commercial products by 0.3%

Grodno Azot (Republic of Belarus) increased production of marketable products by 0.3% in April 2018.

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Belarus to reduce gas consumption

Belarus has intended to reduce gas consumption. This was stated on the sidelines of the forum ATOMEXPO-2018 by the Belarusian Deputy Prime Minister Vladimir Semashko.

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In 2017, net profit of Mozyr refinery fell by 12% to $72.6 mln

In 2017, the net profit of Mozyr refinery decreased by 11.9% in annual terms to 145.2 million Belarusian rubles, or $72.6 million, the company informs.

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Grodno Azot reduces output of commercial products by 2.4% in March 2018

Grodno Azot (Republic of Belarus) reduced the output of marketable products by 2.4% in March 2018.

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