Belarus’ crude oil export down 24.2% in Jan-Oct 2020 to 932,000 tonnes
<p> MINSK, Dec 22 - PrimePress. Belarus reduced the export of domestically produced crude oil by 24.2% year on year in January-October 2020 to 932,000 tonnes, reads the official statistical report. </p> <p> </p> <p> In value terms, the oil export decreased in Jan-Oct 2020 by 36.7% compared with Jan-Oct 2019 to $250.92 million. This was due to both a decrease in the physical volume of supplies and the unfavorable price environment. </p> <p> </p> <p> The average export price of Belarusian oil decreased in Jan-Oct 2020 by 38.6% year on year to $269.228 per ton. </p> <p> </p> <p> Belarus resumed the export of its crude oil in April 2020. Previously, the entire volume was redirected to the Belarusian oil refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast) in January-March to cover the deficit of oil, as Minsk failed to enter into supply contracts for 2020 with Russia’s major suppliers due to price disagreements that have been a point on the agenda since the end of 2019. </p> <p> </p> <p> Belorusneft was founded in 1966. The company specializes in exploration works, oil extraction, gas processing, and offers a wide range of seismic exploration operations. </p> <p> Belorusneft provides oil extraction services in Russia, Ukraine, Venezuela and Ecuador, facilitates crude supplies to the Belarusian oil refineries on a give-and-take basis. Belorusneft sells oil products through its own chain of refilling stations and trading companies, and is engaged in the oil product export. End </p>
2020-12-23
Primepress
MINSK, Dec 22 - PrimePress. Belarus reduced the export of domestically produced crude oil by 24.2% year on year in January-October 2020 to 932,000 tonnes, reads the official statistical report.
In value terms, the oil export decreased in Jan-Oct 2020 by 36.7% compared with Jan-Oct 2019 to $250.92 million. This was due to both a decrease in the physical volume of supplies and the unfavorable price environment.
The average export price of Belarusian oil decreased in Jan-Oct 2020 by 38.6% year on year to $269.228 per ton.
Belarus resumed the export of its crude oil in April 2020. Previously, the entire volume was redirected to the Belarusian oil refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast) in January-March to cover the deficit of oil, as Minsk failed to enter into supply contracts for 2020 with Russia’s major suppliers due to price disagreements that have been a point on the agenda since the end of 2019.
Belorusneft was founded in 1966. The company specializes in exploration works, oil extraction, gas processing, and offers a wide range of seismic exploration operations.
Belorusneft provides oil extraction services in Russia, Ukraine, Venezuela and Ecuador, facilitates crude supplies to the Belarusian oil refineries on a give-and-take basis. Belorusneft sells oil products through its own chain of refilling stations and trading companies, and is engaged in the oil product export. End