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Export operations of Belarusian oil refineries driven by profit margins

August 09/ 09:09

Minsk. Belarusian oil refineries determine where and how much produce they want to sell depending on the profit margin, the press service of the Belarusian state petrochemical concern Belneftekhim told BelTA in response to reports that Mozyr Oil Refinery has increased diesel fuel deliveries to Ukraine.

According to the source, satisfying the domestic demand for motor fuel is a priority for Belarusian oil refineries. The other oil products are exported depending on profit margins of specific markets.

Speaking about this year's scheduled repairs at Mozyr Oil Refinery, Belneftekhim explained it will be done as scheduled in compliance with technical capabilities of the equipment.

 Mozyr Oil Refinery was commissioned in 1975. It was converted into a public joint-stock company (OAO) in 1994. Its charter capital is divided between the State Property Committee of Belarus (42.76%), OAO NGK Slavneft (42.58%), OOO Mozyr Oil Refinery Plus (12.25%), and natural persons (2.41%). The refinery specializes in oil processing, manufacturing and selling oil products.

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