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Belarus, Azerbaijan working on proposals for co-op in petrochemical industry

Oil&Gas Materials 5 December 2018 16:39 (UTC +04:00)
Belarus and Azerbaijan are working on proposals for cooperation in the petrochemical industry
Belarus, Azerbaijan working on proposals for co-op in petrochemical industry

Baku, Azerbaijan, Dec. 5

By Azad Hasanli - Trend:

Belarus and Azerbaijan are working on proposals for cooperation in the petrochemical industry, Ambassador of Belarus to Azerbaijan Gennady Akhramovich said in an interview with the magazine “Vestnik Belneftekhima”, Trend reports citing Belta.

He said that for the development of cooperation with Azerbaijan in the petrochemical industry, Belarusian producers need to maintain a constant dialogue and direct personal contacts with partners.

The ambassador noted that the Azerbaijani petrochemical market doesn’t experience shortage of proposals regarding most of the commodity items, and the competition in the market is quite high.

In each niche, brands of the world’s leading manufacturers are presented in various prices, and many exporters simultaneously offer preferential terms of supplies, he said.

“Under these conditions, Belarusian producers need to carry out the work aimed at increasing the quality characteristics of goods, maintain constant dialogue and direct personal contacts with Azerbaijani partners, be flexible in addressing the supply of products and services,” he said. “In general, systematic work is required in this area. We are working out mutually beneficial proposals.”

The diplomat also said that petrochemical production in Belarus and Azerbaijan is one of the priority areas, so cooperation in this sphere is very promising. In his opinion, joint coordinated work of all interested structures is important in this direction.

He noted that in recent years, under the concluded contracts and agreements between the specialized companies of the two countries, the value of the oil products sold in foreign markets amounted to hundreds of millions of US dollars.

“Therefore, we are actively working to further expand the Belarusian-Azerbaijani cooperation in this industry,” he said.

Azerbaijan’s trade turnover with Belarus amounted to $175.7 million in January-October 2018, and over $158 million of this value accounted for the import of Belarusian products, according to Azerbaijan’s State Customs Committee. Over the year, the trade turnover between the two countries increased by 54.8 percent.

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Follow the author on Twitter: @AzadHasanli

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