Belorusneft

History

2024: 3.1% increase in oil production to 1.938 million tonnes

Belorusneft has achieved a record oil production rate of 1.938 million tons in 2024 over the past 29 years, which is 3.1% more than in 2023. This became known at the end of January 2025.

203 thousand tons of raw materials were extracted from new wells drilled in 2024. The company also managed to significantly increase its proven fuel reserves, exceeding the level of annual production by more than 700 thousand tons, which is the best indicator in the last 40 years.

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Фото: Freepik

Deputy General Director of Belorusneft Anton Serebrennikov noted the success in digitalizing production and increasing the volume of seismic and exploration work, which made it possible to achieve high results.

The CEO of the company, Alexander Lyakhov, announced plans to increase oil production to 2 million tons in 2025. In March 2024, the production forecast was 1.92 million tons, and in September it was adjusted to 1.93 million tons.

In 2023, oil production in Belarus amounted to 1.88 million tons, an increase of 3.9% compared to 2022 at 1.81 million tons. Until December 2021, the entire volume of oil produced in the republic was exported to Germany, after which the supplies were reoriented to Belarusian oil refineries.

Belorusneft, founded in 1966, carries out a full cycle of oil production, including the search, exploration and development of fields, well drilling, oil and associated gas production in Belarus, and also conducts activities in the oil sector of other countries. The staff of the enterprise exceeds 27 thousand employees.

The results demonstrate the effectiveness of the strategy for the development of the oil industry in Belarus, which includes the modernization of production and the introduction of modern exploration and production technologies.^[1]

2021: Receiving 100% in the Russian "Purnefty"

By August 2021, Belorusneft expanded the list of its assets in Russia. Previously, she was a member of Belneftekhim, which fell under US sanctions.

The subsidiary of Belorusneft, NK Yangpur, became the 100% founder of Purneft LLC, a company operating since 2007, whose fund consists of 69 oil wells in the Ust-Purpey license area in the Yamalo-Nenets Autonomous Okrug.

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