Peace Race
Olizarenko won the Tour d'Egypte in 1958. In 1960 he placed third in the Tour of Poland and ninth in the Peace Race. In 1963, he was again ninth in the Peace Race, but won a bronze medal at the world championships in the team time trial. In 1966 he rode his last Peace Race, winning it with the Soviet team, but finishing only 54th individually. He retired after the race.