Export trade in petroleum products at BUCE postponed till August

<p> MINSK, Jul 20 - PrimePress. The launch of export trading in oil products at the electronic platform of the Belarusian Universal Commodity Exchange (BUCE), according to preliminary information, have been postponed till August 2021, the BUCE administration told PrimePress. </p> <p>   </p> <p> Trading in petroleum products on BUCE will be held in the prospective exchange commodities section, all products of Bekneftekhim companies will be traded there. </p> <p>   </p> <p> One of the priorities in preparing for the transfer of export sales of petroleum products to the BUCE platform is to expand the range of potential buyers. About 100 companies from 20 countries currently hold a BUCE accreditation. </p> <p>   </p> <p> “At the same time, we see considerable interest in Belarusian chemical and petrochemical products from residents of Azerbaijan, Turkey, China, Singapore, and the United Arab Emirates. These are all promising markets with a high level of solvent demand. Therefore, together with the new software platform, domestic exporters will get new opportunities to diversify sales,” said BUCE Board Chairman Alexander Osmolovsky. </p> <p>   </p> <p> As previously reported, the idea is to transfer export trading in oil products from the common trading platform of the Belneftekhim Concern to the electronic platform of the Belarusian Universal Commodity Exchange (BUCE). As previously reported, the organizer of Belneftekhim’s common trading platform - Belarusian Oil Trading House - has been under sanctions by the U.S. Ministry of Finance since June 3, 2021. </p> <p>   </p> <p> The Belarusian Universal Commodity Exchange (BUCE) was established in 2004, the first trading session was held on June 2, 2005. As of July 1, 2021, 26,254 companies (including brokers’ customers), including 5.218 thousand non-residents, were accredited on the exchange. End </p>

2021-07-21

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