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Merchandise export by Belarusian petrochemical concern Belneftekhim soars in H1 2018
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MINSK, 22 August (BelTA) – In H1 2018 the Belarusian state petrochemical concern Belneftekhim increased merchandise export by more than one fourth in comparison with H1 2017, the Belneftekhim press service told BelTA after the concern’s board convened to review performance in the first half of the year.
In H1 2018 Belneftekhim’s merchandise export growth rate reached 128.5% as against January-June 2017, with the growth rate of the export of services at 109.2%. Belneftekhim increased the export of oil products by 7.9%, phthalic anhydride by 140%, optic fiber by 12.3%, polyethylene by 19.1%, chemical yarn and filament by 5.8%, polyamides by 10.5%, carbon-base materials by 5.9%, tires by 9.7%, alkyd resins by 7.1%, methanol by 260%, and paints and varnishes by 70%. The export of services target was hit primarily thanks to the export of geologic exploration, oil extraction, and oil transportation services.
In January-June 2018 Belneftekhim’s industrial output growth rate totaled 135.6% as against the same period of last year in effective prices. The industrial output index in comparable prices amounted to 104.2%. The stock in storage was 10.8% of the average monthly output as of 1 July. The stock in storage dropped by one percentage point in Q2 2018.
Belneftekhim enterprises invested Br704.5 million in core capital, 108.6% as against the same period of last year.
Directors of Belneftekhim enterprises were instructed to take additional measures to increase the workload of the enterprises. Attention was drawn to proper oversight over civil engineering projects and the timely commissioning of capital facilities. Apart from that, the enterprises will have to submit programs on researching and developing new products and services and methods of making them to the concern’s HQ.
The Belneftekhim Board heard out reports from directors of chemical fiber manufacturing enterprises about measures to ensure unsubsidized operation. A report of the risk assessment division about detected procurement violations was presented as well. Directors of the enterprises were encouraged to arrange voluntary cleanup days soon.
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