Belarus interested in Kazakhstan’s investment in oil refinery industry

“The oil refinery and petrochemical industries have a large export potential; they will always remain lucrative areas for investment,” he said.

“We managed to increase exports of petrochemical products even in the economically difficult year 2009,” the minister said.

The Belarusian oil refinery plants are undergoing continuous modernization to increase the yield of light products, the minister said.

“We would welcome Kazakh investors capable of offering state-of-the-art technologies, including nanotechnologies,” he said.

When speaking about key priorities of the country’s energy policy, Mr. Snapkow said that efforts were made to cut the energy intensity of GDP gradually, including by eight to 10 percent this year.

Belarus is seeking to increase the consumption of “energy of the future,” he said, mentioning projects aimed at introducing new hydrogen storage technologies, the generation of energy from local resources and developing nanocatalysts that help make fuel cells.

Source: Naviny.by