First export trade session in petroleum products at BUCE unsuccessful

<p> MINSK, Sep 3 - PrimePress. Held on 1 Sep 2021, the first export trading session in oil products at the electronic platform of the Belarusian Universal Commodity Exchange (BUCE) has turned fruitless, the BUCE administration told PrimePress. </p> <p>   </p> <p> No deals was made during the first trading session, although all technical facilities functioned in their normal mode. </p> <p>   </p> <p> As previously reported, 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> 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>

2021-09-04

Primepress