Belarus’ crude oil import down 71.1% in Jan-Feb 2020 to $306.2m
<p> MINSK, May 5 - PrimePress. Belarus reduced the import of crude oil in January-February 2020 by 71.1% year on year to $306.2 million, the National Statistics Committee of Belarus (Belstat) said in a statistical report. </p> <p> </p> <p> In physical terms, the oil import was down 69.4% year on year in Jan-Feb 2020 to 902,200 tonnes. </p> <p> </p> <p> The average price of oil imported to Belarus decreased in Jan-Feb 2020 by 5.7% year on year to $339 per tonne. </p> <p> </p> <p> Belarus reduced oil imports from Russia by 71.2% to $305.8 million. Belstat did not indicate the physical volume of Russian oil imported to Belarus in Jan-Feb 2020. </p> <p> </p> <p> Oil supplies from sources alternative to Russia in Jan-Feb 2020 is not specified either. The state petrochemical concern Belneftekhim promises details in the report for March. </p> <p> </p> <p> Belarus purchased 538 tons of oil from Kazakhstan for $195,300 in January 2020 at $370 per tonne. Belarus did not buy oil from Kazakhstan in January 2019. </p> <p> </p> <p> In January-February 2020, both Belarusian oil refineries (Naftan OJSC, Novopolotsk, Vitebsk Oblast, and Mozyr Oil Refinery OJSC, Gomel Oblast) utilized 50% of their capacities and processed a total of about 1.8 million tonnes of oil. This was largely due to the failure to enter into long-term contracts with Russian oil suppliers since late 2019 because of disagreements on the price. </p> <p> </p> <p> Belarus reduced the import of Russian oil in 2019 by 3.5% year on year to $6.58 billion, by 1.4% in physical terms to 17.998 million tonnes. The average price of Russian oil stood at $365.64 in 2019 per tonne, down 2.2% on the year. End </p>
2020-05-05
Primepress
Belarus’ crude oil import down 71.1% in Jan-Feb 2020 to $306.2m
MINSK, May 5 - PrimePress. Belarus reduced the import of crude oil in January-February 2020 by 71.1% year on year to $306.2 million, the National Statistics Committee of Belarus (Belstat) said in a statistical report.
In physical terms, the oil import was down 69.4% year on year in Jan-Feb 2020 to 902,200 tonnes.
The average price of oil imported to Belarus decreased in Jan-Feb 2020 by 5.7% year on year to $339 per tonne.
Belarus reduced oil imports from Russia by 71.2% to $305.8 million. Belstat did not indicate the physical volume of Russian oil imported to Belarus in Jan-Feb 2020.
Oil supplies from sources alternative to Russia in Jan-Feb 2020 is not specified either. The state petrochemical concern Belneftekhim promises details in the report for March.
Belarus purchased 538 tons of oil from Kazakhstan for $195,300 in January 2020 at $370 per tonne. Belarus did not buy oil from Kazakhstan in January 2019.
In January-February 2020, both Belarusian oil refineries (Naftan OJSC, Novopolotsk, Vitebsk Oblast, and Mozyr Oil Refinery OJSC, Gomel Oblast) utilized 50% of their capacities and processed a total of about 1.8 million tonnes of oil. This was largely due to the failure to enter into long-term contracts with Russian oil suppliers since late 2019 because of disagreements on the price.
Belarus reduced the import of Russian oil in 2019 by 3.5% year on year to $6.58 billion, by 1.4% in physical terms to 17.998 million tonnes. The average price of Russian oil stood at $365.64 in 2019 per tonne, down 2.2% on the year. End