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08 November 2021, 13:14

Belarusian state petrochemical concern eager to increase performance

Andrei Rybakov
Andrei Rybakov

MINSK, 8 November (BelTA) – Enterprises of the Belarusian state petrochemical concern Belneftekhim work steadily, make business plans for the next year, and intend to increase performance across the board, BelTA learned from Chairman of the Belarusian state petrochemical concern Belneftekhim Andrei Rybakov after the official delivered his report on the performance of the petrochemical complex to the president.

The Belneftekhim head said: “What and how our refineries process today are not important. The fact that they make the planned amount of oil products and sell them inside the country and the fact that there have been no changes on all our traditional markets are important.”

In his words, Belneftekhim's export shipments have increased this year in comparison with 2020. Export growth rate is expected to exceed 130% in 2021. “We already make business plans for the next year and we see we will only do better in every position,” Andrei Rybakov said.

As for the replenishment of the central state budget thanks to revenues from the petrochemical enterprises, the Belneftekhim head said the enterprises are now exceeding the targets set by the Finance Ministry.

Asked whether Western sanctions have affected the performance of Belarusian petrochemical enterprises, Andrei Rybakov noted: “They definitely have. Any pressure always has an effect. Just like pressure on the oil market. So, the pressure of sanctions is having an effect. How to respond to it, the development of the solutions that allow us to work steadily in all directions are what matters.”

“The main task is to respond to changing and volatile conditions, primarily on the raw materials market, and respond to the pressure of sanctions in a way to negate all of it so that our enterprises could work steadily, so that salaries and all the payments to the state budget would be paid on time,” he added.

In his words, all the necessary decisions to fix the situation have already been made. “We are working within the framework of our plans. If necessary, additional [decisions] will be made. But it will be done depending on the market conditions and other factors,” Andrei Rybakov said.

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