MINSK, 20 September (BelTA) – In 2018 Belarusian Oil Company intends to export as much oil products as it did last year – 11 million tonnes, BelTA learned from Deputy Director General of ZAO Belarusian Oil Company Sergei Grib during the international conference held on 20 September to discuss production, trade, and retail aspects of the Belarusian market of oil products and natural gas.
The executive said: “Export will be close to 11 million tonnes this year. It will be on par with last year.”
The main target markets for light oil products are Ukraine, Baltic states, and Poland. Sales in Ukraine and respectively the market share have dropped a bit. However, Sergei Grib attributed the decline to objective reasons because it is a highly competitive market. At present Belarusian Oil Company accounts for 40% of the diesel fuel imported to Ukraine and for 81% of the imported gasoline.
Belarusian Oil Company views Poland, Czechia, and Slovakia as promising markets. “Our share over there is small for now but only because we sell mostly in Ukraine. We believe these markets have a lot of promise because the share of import is high, demand is stable, the GDP is on the rise and so is consumption. This is why we focus on stable guaranteed deliveries to these markets in order to increase export to these destinations somewhere close to 2020,” explained Sergei Grib.
