Oil refineries fully provided with feed stock, Vladimir Semashko says
The oil refineries of the Belneftekhim concern are fully provided with feed stock, First Deputy Prime Minister of Belarus Vladimir Semashko said at a session of the Council of Ministers on April 22.
According to him, Russians restarted placing tolling contracts with the Belarusian oil refiners. This enabled the latter to increase exports of oil products 2.8 times to $2.1 billion in January-February.
Vladimir Semashko informed that over this period the profitability of Production Association Belaruskalii increased to 144%, Belarusian Potash Company (BPC) is extending its reach into new sales markets. Vladimir Semashko reminded the session that BPC concluded the contract to deliver potash fertiliser to China in 2008, with the price up from $250pt to $650 pt.
All in all, in January-February the companies of the concern reported net profit of Br677 billion. “There are all the reasons to believe that the concern will continue playing the stabilising role in the economy of Belarus,” Vladimir Semashko said.
