Belarus’ crude oil export down 26.2% in 2020 to 1.216m tonnes
<p> MINSK, Feb 15 - PrimePress. Belarus reduced the export of domestically produced crude oil by 26.2% year on year in 2020 to 1.216 million tonnes, reads the official statistical report. </p> <p> </p> <p> In value terms, the oil export decreased in 2020 by 34.2% compared with 2019 to $343.163 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 2020 by 36% year on year to $282.021 per ton. </p> <p> </p> <p> Belarus resumed the export of its crude oil in April 2020. Supplies totaled 50,000 tonnes against 130,000 tonnes on monthly average in 2019. Belarus suspended the export of its oil in January-March 2020, and redirected the entire volume the refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast), which had to only utilize 50% of their capacity since late 2019, as Minsk failed to enter into 2020 contracts with major Russian suppliers due to price disagreements. End </p>
2021-02-16
Primepress
Belarus’ crude oil export down 26.2% in 2020 to 1.216m tonnes
MINSK, Feb 15 - PrimePress. Belarus reduced the export of domestically produced crude oil by 26.2% year on year in 2020 to 1.216 million tonnes, reads the official statistical report.
In value terms, the oil export decreased in 2020 by 34.2% compared with 2019 to $343.163 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 2020 by 36% year on year to $282.021 per ton.
Belarus resumed the export of its crude oil in April 2020. Supplies totaled 50,000 tonnes against 130,000 tonnes on monthly average in 2019. Belarus suspended the export of its oil in January-March 2020, and redirected the entire volume the refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast), which had to only utilize 50% of their capacity since late 2019, as Minsk failed to enter into 2020 contracts with major Russian suppliers due to price disagreements. End