Belarus

In 2017, net profit of Mozyr refinery fell by 12% to $72.6 mln

In 2017, the net profit of Mozyr refinery decreased by 11.9% in annual terms to 145.2 million Belarusian rubles, or $72.6 million, the company informs.

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Grodno Azot reduces output of commercial products by 2.4% in March 2018

Grodno Azot (Republic of Belarus) reduced the output of marketable products by 2.4% in March 2018.

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Belarus to find replacement for Russian oil

Belarus can partially replace Russian oil through alternative supplies from other countries, such as Iran.

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Belarus thinks gas dispute with Russia is not settled

Issues on gas supplies between Russia and Belarus haven’t yet been fully settled, Minsk hopes to return to the discussion no later than in May.

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Belarusian refineries work out development strategies until 2025

The Belarusian refineries (Naftan Refinery and Mozyr Oil Refinery) are working out their long-term development strategies until 2025.

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Credit line for construction of Belarusian nuclear power plant opened till 2035

A credit line for the construction of Belarusian nuclear power plant is open until 2035, but it is too early to talk about the final amount of the loan for the plant construction.

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Belarusian refineries plan to process 18 mln tons of oil in 2018

Belarusian refineries have planned to process 18 million tons of oil in 2018, the Interfax reports referring to deputy chairman of the state-owned concern Belneftekhim Vladimir Sizov.

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Tax maneuver in Russia hurries Belarus

Tax maneuver in the Russian oil industry has forced processing plants of Belarus to speed up the modernization of their facilities.

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Lithuania is sure that electricity from Belarusian nuclear power plant to be too expensive

Electricity from Belarusian nuclear power plant under construction will not be able to become competitive on the Lithuanian market, as it will be too expensive.

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In January-March, Russia increased oil export to Belarus by 12.5% to 4.5 mln tons

In January-March 2018, Russia increased oil exports to Belarus by 12.5% compared to the same period last year to 4.5 million tons, as it follows from the materials of the Central Dispatch Departmen

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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