MINSK, 23 April (BelTA) – Belarusian oil refineries – Mozyr Oil Refinery and Naftan – are expected to increase the export of gasoline by 1.3-1.6 million tonnes per annum. The statement was made by Deputy Director General for Commerce of Belarusian Oil Company Sergei Grib at a seminar-conference on exporting products of the Belarusian state petrochemical concern Belneftekhim to the European Union on 23 April, BelTA has learned.
The executive said: “We see that the European Union will not be a premium market for gasoline sales. There is Africa. Gasoline is in short supply over there. We can start exporting products to America. There are markets we can sell our products on if the European Union does not need our fuel.”
The modernization of Mozyr Oil Refinery and Naftan is estimated to cost $2.5 billion. It will allow increasing the crude oil conversion ratio and improving the overall performance of the oil refining industry in Belarus. Construction and installation work is supposed to be finished by 7 November. Startup and commissioning work is supposed to start after that.More about Economy