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Belneftekhim performance in Q1 2018

Belneftekhim performance in Q1 2018

10.05.2018 | 16:46

The Belarusian state petrochemical concern Belneftekhim is one of the largest industrial groups in Belarus. It unites enterprises specializing in extracting, processing, and transporting oil, in supplying oil products in addition to chemical and petrochemical enterprises, a number of research institutions, civil design, civil engineering enterprises, repair, startup and commissioning enterprises, and an extensive distribution chain abroad. Belneftekhim offers over 500 kinds of petrochemical and chemical products.

Financial and economic performance in Q1 2018:

Merchandise export grew by 46% from January-March 2017. Export of services increased by 16.1%.

Energy-saving indicator — minus 4.5%.

Foreign direct investments amounted to some $31.3 million. Belneftekhim enterprises reported Br357 million in fixed-capital investments, 130.9% as against Q1 2017.

Oil extraction reached 413,000 tonnes (100.7%). Oil processing reached 4.448 million tonnes (110.6%).

Industrial output grew by 42.3% in actual prices. Industrial output index in comparable prices reached 110.1%.

The stock in storage as of 1 April 2018 totaled 11.8% of the average monthly output.

As many as 159 facilities were being built in Q1 2018. The construction of 48 facilities was finished. Mogilevkhimvolokno, Belshina, Grodno Azot, and SvetlogorskKhimvolokno are busy implementing major investment projects.

Source: Belneftekhim.

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