Belarus’ crude oil import down 73.8% in Jan-Mar 2020 to $434m
<p> MINSK, May 27 - PrimePress. Belarus reduced the import of crude oil in January-March 2020 by 73.8% year on year to $434 million, the National Statistics Committee of Belarus (Belstat) said in a report. </p> <p> </p> <p> In physical terms, the oil import was down 57.7% year on year in Jan-Mar 2020 to 1.905 million tonnes. </p> <p> </p> <p> The average price of oil imported to Belarus decreased in Jan-Mar 2020 by 38.1% year on year to $228 per tonne. </p> <p> </p> <p> Belarus reduced the import of oil from Russia by 74.8% to $417.7 million. Belstat did not indicate the physical volume of Russian oil imported to Belarus in Jan-Mar 2020. </p> <p> </p> <p> Oil supplies from sources alternative to Russia in Jan-Mar 2020 is not specified either. </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-March 2020, both Belarusian oil refineries (Naftan OJSC, Novopolotsk, Vitebsk Oblast, and Mozyr Oil Refinery OJSC, Gomel Oblast) reduced refining in January-March 2020 by 41.6% yoy to 2.76 million tonnes. </p> <p> </p> <p> As reported, Russia cut oil supplies to the Belarusian refineries in January-March 2020 by 77% yoy to 1.037 million tonnes: 252,500 tonnes to the Mozyr Refinery against planned 3.355 million tonnes; 784,400 tonnes for Naftan against planned 3.439 million tonnes. Belarus and Russia have been failing to agree on long-term oil contracts due to oil price disagreements since late 2019. </p> <p> </p> <p> As reported, Belneftekhim state petrochemical concern planned to process 5.9 million tonnes at the Mozyr Refinery and Naftan in the first quarter of 2020. </p> <p> </p> <p> In December 2019, Belarus and Russia approved an oil supply plan for 2020 in the amount of 24 million tonnes, but the Belarusian refineries still have no long-term contracts with Russian suppliers. </p> <p> </p> <p> Belarus reduced the import of Russian oil in 2019 by 3.5% year on year to $6.58 billion; in physical terms – by 1.4% to 17.998 million tonnes. The average price for Belarus stood in 2019 at $365.64 per tonne, down 2.2% against 2018. End </p>
2020-05-28
Primepress
Belarus’ crude oil import down 73.8% in Jan-Mar 2020 to $434m
MINSK, May 27 - PrimePress. Belarus reduced the import of crude oil in January-March 2020 by 73.8% year on year to $434 million, the National Statistics Committee of Belarus (Belstat) said in a report.
In physical terms, the oil import was down 57.7% year on year in Jan-Mar 2020 to 1.905 million tonnes.
The average price of oil imported to Belarus decreased in Jan-Mar 2020 by 38.1% year on year to $228 per tonne.
Belarus reduced the import of oil from Russia by 74.8% to $417.7 million. Belstat did not indicate the physical volume of Russian oil imported to Belarus in Jan-Mar 2020.
Oil supplies from sources alternative to Russia in Jan-Mar 2020 is not specified either.
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-March 2020, both Belarusian oil refineries (Naftan OJSC, Novopolotsk, Vitebsk Oblast, and Mozyr Oil Refinery OJSC, Gomel Oblast) reduced refining in January-March 2020 by 41.6% yoy to 2.76 million tonnes.
As reported, Russia cut oil supplies to the Belarusian refineries in January-March 2020 by 77% yoy to 1.037 million tonnes: 252,500 tonnes to the Mozyr Refinery against planned 3.355 million tonnes; 784,400 tonnes for Naftan against planned 3.439 million tonnes. Belarus and Russia have been failing to agree on long-term oil contracts due to oil price disagreements since late 2019.
As reported, Belneftekhim state petrochemical concern planned to process 5.9 million tonnes at the Mozyr Refinery and Naftan in the first quarter of 2020.
In December 2019, Belarus and Russia approved an oil supply plan for 2020 in the amount of 24 million tonnes, but the Belarusian refineries still have no long-term contracts with Russian suppliers.
Belarus reduced the import of Russian oil in 2019 by 3.5% year on year to $6.58 billion; in physical terms – by 1.4% to 17.998 million tonnes. The average price for Belarus stood in 2019 at $365.64 per tonne, down 2.2% against 2018. End