In January-September 2011 Belneftekhim Concern has tripled the foreign trade surplus in goods up to $3.919 billion, BelTA learnt from Spokesperson for the company Marina Kostyuchenko.

In January-September 2011, the commodity export growth in U.S. dollars has reached 199.6%; the export growth of oil and oil products made 243.1%, potash fertilizes 149.8%, chemical and petrochemical products 136.8%. The import growth made 176.9%, including the import of oil and oil products - 183%. Since March 2011, the company has been posting a trade surplus in oil and oil products. The company traded with 123 countries worldwide. Belneftekhim exported to 119 countries. In the third quarter of 2011 alone, the export geography has extended to 14 new countries.

The debit indebtedness of the companies affiliated with the concern shrank by Br1,161 billion in September.

State-run companies that make part of the concern and where Belarus owns over 50% of the stock have fulfilled the socio-economic targets related to the profitability of sales in industry, capital investments (157.8% as against the last year in comparable prices), the share of expenses on purchasing machines, equipment, vehicles in the total amount of investments (62.2%), energy conservation (minus 6.5%). The labor efficiency made 103.6%

As of 1 October 2011, the backlog of inventories made 21.1% of the average monthly production output, or 15.2% as of September 2011.

The companies affiliated with the concern have fulfilled major targets of the foreign trade in goods and services established by the National Export Program for 2011-2015. Belneftekhim Concern’s performance in January-September was reviewed on 31 October at a session of the concern. The new targets facing the concern include enhancing the operational efficiency and resource saving, increasing capacity utilization and boosting export.

Belta