international magazine
11 / 2010

Belorusneft: sound ambitions of state oil company

When Ukraine's national oil and gas holding Naftogaz Ukrainy recently announced about its intentions to finally enter the country's motor fuels retail market, many observers welcomed this decision. Ukraine's motor fuels market is big, liquid and lucrative enough, as well as very competitive. For the country with the oil and gas sector as much developed and important as in Ukraine, many in the country believe, the arrival of a strong state muscle could become an important stabilizing factor. There is a very good example just next door, in the neighboring Belarus. During the recent 4th annual conference Oil refining and oil products exports in Belarus, held in Minsk on 18-19 October, OILMARKET used an opportunity to take closer look at Belarus state company, visit its retail facilities.