Belarus negotiates Kazakhstan oil and grain supplies

Belarus is negotiating the supply of oil from Kazakhstan and proposes to intensify negotiations. President of Belarus Alexander Lukashenko said this today at the meeting with the Ambassador of Kazakhstan to Belarus Yermukhamet Yertysbayev, Belta.by reports.

“You know that we are now engaged in the diversification of hydrocarbon supply. We have several points of contact and are negotiating to supply oil to Belarus from other sources. This year we will basically complete modernization of refineries. Therefore, it will be a little easier for us to buy oil from world markets. We are conducting negotiations and would like them to be intensified, on the supply of Kazakhstan’s oil to Belarus," - said Alexander Lukashenko.

He pointed out that there are no special problems in trade-economic relations between Belarus and Kazakhstan.

“There is a certain imbalance in trade towards Belarus, but Kazakhstan produces a lot of commodities that we need starting from cotton and ending with metals. We are ready, as it was in Soviet times, to buy grain from you. Therefore, settling the balance in trade is not a problem. I think that we should entrust our intergovernmental commission to take up these issues, "the President of Belarus noted.

According to Alexander Lukashenko, development of bilateral relations is also facilitated by both countries’ participation in the Chinese Belt and Path initiative.

He believes that the pairing of the two countries in this direction should be enhanced.

Last year, the trade turnover between Belarus and Kazakhstan reached almost $ 900 million, an increase of 30% on-year. At the same time, Belarusian exports exceeded $ 783 million. In the first quarter of 2019, the mutual trade volume fell by about 10% compared to the same 2018 term. The trade turnover amounted to $ 171.5 million. The balance for Belarus was positive at $ 121.7 million.

Milk and dairy products, tractors and truck tractors, furniture, trucks, medicines, frozen beef, sugar, meat products are exported to Kazakhstan. Belarus imports oil products, coal, rails, rolled non-alloy steel, petroleum gases, flax seeds, cotton fiber, onions, and garlic.

The distribution network of Belarusian enterprises in Kazakhstan includes more than 40 companies established with the involvement of Belarusian capital, as well as more than 170 subjects of the dealer network. There are 8 joint assembly plants of Belarusian machinery and equipment. In Kazakhstan there are 256 organizations with Belarusian participation, 45 enterprises with Kazakhstan capital operate in Belarus.

15:21, 23 May 2019


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