Belarus’ crude oil output up 0.8% in Jan-Jun 2020 to 843,668 tonnes
<p> MINSK, Jul 27 - PrimePress. Belorusneft (Rechitsa, Gomel Oblast)–Belarus’ sole producer of crude oil–says its crude output increased 0.8% year on year in January-June 2020 to 843,668 tonnes. </p> <p> </p> <p> Hydraulic extraction increased in Jan-Jun 2020 by 2.8% year on year to 106.715 tonnes, extraction from new wells and lateral holes was down 3.2% to 45,263 tonnes. </p> <p> </p> <p> According to official statistics, Belarus reduced the export of domestically produced oil in Jan-May by 34.6% year on year to 230,000 tonnes. In value terms, the export decreased by 44.4% yoy to $42.552 million due to a decrease in supplies and in the average export price, which stood at $185 per tonne against $455.839 in Jan-May 2019. </p> <p> </p> <p> Belarus suspended the export of domestically produced oil in January-March 2020, supplying the entire volume to its refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast), which only utilized a half of their capacities at that time, as, since late 2019, Belarus had no contracts for 2020 with major Russian suppliers due to price disagreements. Belarus resumed the export of its oil in April 2020. </p> <p> </p> <p> Belarus plans to increase oil output by 1.18% against 2019 to 1.7 million tonnes in 2020. </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> <p> </p>
2020-07-28
Primepress
MINSK, Jul 27 - PrimePress. Belorusneft (Rechitsa, Gomel Oblast)–Belarus’ sole producer of crude oil–says its crude output increased 0.8% year on year in January-June 2020 to 843,668 tonnes.
Hydraulic extraction increased in Jan-Jun 2020 by 2.8% year on year to 106.715 tonnes, extraction from new wells and lateral holes was down 3.2% to 45,263 tonnes.
According to official statistics, Belarus reduced the export of domestically produced oil in Jan-May by 34.6% year on year to 230,000 tonnes. In value terms, the export decreased by 44.4% yoy to $42.552 million due to a decrease in supplies and in the average export price, which stood at $185 per tonne against $455.839 in Jan-May 2019.
Belarus suspended the export of domestically produced oil in January-March 2020, supplying the entire volume to its refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast), which only utilized a half of their capacities at that time, as, since late 2019, Belarus had no contracts for 2020 with major Russian suppliers due to price disagreements. Belarus resumed the export of its oil in April 2020.
Belarus plans to increase oil output by 1.18% against 2019 to 1.7 million tonnes in 2020.
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