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Economy

Irish company to invest in alternative energy in Belarus

18.05.2012
GOMEL, 18 May (BelTA) - The Irish company Pure Energy Intelligence intends to invest in the development of alternative energy in Belarus, the company CEO Torsten Merkel told journalists at the Gomel Economic Forum. “In Belarus we are going to develop projects on the use of solar energy, wind and biogas. According to our company's estimates, long-term investment in these areas may amount up to $8 billion,” the businessman said. The Irish company plans to build solar power stations in Gomel Oblast. The investment agreement was signed at the Gomel Economic Forum on 18 May. According to the business plan, so-called solar parks will be constructed at the area of more than 110 hectares in Bragin and Yelsk Districts in 2013-2016. Once up and running, solar power plants will generate 28MW. Electricity will be used for oblast needs.
| 05.09.2014
GOMEL, 4 September (BelTA) – The commercial extraction of oil from tight reservoirs at horizontal well No. 310g of the Rechitsa deposit has begun for the first time in the history of the Belarusian oil industry, the press service of the Belarusian industrial group Belorusneft told BelTA. The oil well uses the previously detected Petrikov-Yelets field of the Rechitsa deposit. For a long time thi...
| 05.09.2014
GOMEL, 4 September (BelTA) – In 2014 the Belarusian industrial group Belorusneft intends to perform at least $20 million worth of oil industry services, namely operations to increase the output of hydrocarbon wells abroad. The figure will be 2.5 times larger than the one registered in 2013, BelTA learned from Belorusneft's Deputy Director General Alexander Prizentsov. In his words, the export g...
| 02.09.2014
GOMEL, 1 September (BelTA) ? The industrial group Belorusneft has signed an agreement on the geologic exploration and development of an oil block in Ecuador, the company?s press service told BelTA. The agreement stipulates technical and economic conditions for the exploration and development of block No. 28. The agreement was signed in late August by representatives of the alliance that...
| 16.07.2014
GOMEL 15 July (BelTA) – A thermal gas impact technology will be assimilated as part of the Belarusian-Russian innovative project Visha-Termogaz to increase the effectiveness of the extraction of residual difficult oil by 37 percentage points, BelTA learned from Vladimir Goshkis, Chief Engineer of the Belarusian industrial group Belorusneft, on 15 July. Vladimir Goshkis took part in the ceremony...
| 15.07.2014
MINSK, 15 July (BelTA) – OAO Gomselmash will be transformed into a holding company incorporating five other enterprises, BelTA learnt from the press service of the Belarusian government. The decision was formalized by Resolution No.670 signed by the Council of Ministers on 11 July 2014. The new holding company will consist of OAO Gomselmash and five other enterprises, including Gomel Foundry...
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