Business news

MINSK, 28 September (BelTA) - The Belarusian oil company Belorusneft intends to provide seismic and drilling services in India, Belorusneft Deputy Director General Sergei Kamornikov told the media ahead of the fifth international conference "Belarus’ oil and gas market: Production, trading, and retail” on 28 September, BelTA has learned.

“Today we are paying great attention to the Ukrainian market which is close to us in geographical terms. We have started drilling oil wells and providing oilfield services in Ukraine. As for our other opportunities in seismic surveys and oilfield services, we should mention Russia, where our largest enterprise Belorusneft-Siberia is operating, and also Latin American countries. Operations in Venezuela and Ecuador continue. We plan to expand our presence on the Indian market, provide seismic service and, probably, drilling ones in the future,” Sergei Kamornikov remarked.

He stressed that Belorusneft puts great focus on scientific support for its projects. “We have come up with a number of solutions in oilfield services, which are now being exported,” Sergei Kramovnikov added.

The companies affiliated with the Belarusian state petrochemical concern Belneftekhim export their products to more than 110 countries. The concern’s export exceeded $6 billion in 2016. “Our plants have some traditional markets. There are the markets of neighboring states: Ukraine, Poland, the Baltic countries. They account for the main part of the exports. However, we have been expanding the geographical scope of our export, selling products in Africa and America,” the deputy director general added.

The Belarusian industrial group Belorusneft was founded in 1966. The company specializes in the surveying, prospecting and development of oil fields, well drilling, oil and associated petroleum gas extraction in Belarus and a number of other countries, including Russia, Ukraine, Venezuela, and Ecuador.