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Belarus to build four gas wells in Poltava region, Ukraine

Belarus will build four gas wells in the Poltava region of Ukraine. The market of oilfield services in that country is growing and it is necessary to increase oil and gas production. Taking part in tenders is Belorusneft.

On July 21 Kiev is hosting a joint business forum, where business circles of the two countries are discussing joint prospects. The portfolio of contracts has already exceeded expectations. On the site, transactions totaling more than $45 million were concluded.

Vladimir Ulakhovich, Chairman of the Belarusian Chamber of Commerce and Industry:
The total amount of supplies of Belarusian products in accordance with these agreements will be $47 million. This is a very good contribution to our export portfolio. As for the interaction of business circles, we have also very constructive and friendly ties. I foresee that it is quite possible to increase our sales turnover by 30%.

Products of Belarusian enterprises are in demand on the Ukrainian market. For example, the share of BelAZ dump trucks in Ukraine exceeds 90%. Today, at the Belarusian-Ukrainian business forum, the Belarusian industrial giant signed two more contracts worth a total of $6 million.

Belarus to build four gas wells in Poltava region, Ukraine