22 July 2025

Lukashenko sets ambitious goals for domestic oil industry

The domestic oil industry needs to increase exploration and development of new deposits in the country, Belarusian President Aleksandr Lukashenko said at a meeting to discuss production of hydrocarbons in the country, BelTA has learned.

MINSK, 22 July (BelTA) - The domestic oil industry needs to increase exploration and development of new deposits in the country, Belarusian President Aleksandr Lukashenko said at a meeting to discuss production of hydrocarbons in the country, BelTA has learned.

The head of state stressed the importance of developing the domestic mineral resource base, its effective use and intensive development of domestic oil deposits. “We thoroughly discussed the issue. It is not just oil and gas. This also pertains to our other mineral reserves,” Aleksandr Lukashenko said.

“This year plans are in place to reach [the extraction of] 2 million tonnes of oil. These are good figures, but what do we have in the perspective? How will we continue to ensure the intensity of geological exploration and development of new deposits?” the head of state asked.

In his words, the government has prepared a plan for geological exploration. “However, the deadlines for its implementation are, as usual, long. Until 2030,” the president said.

“I know for sure that we have reserves here. Therefore, it is necessary not to procrastinate, but drill and drill. But we need to drill wisely and with the use of new technologies!” the Belarusian leader stressed.

Source