Belarus exports 418,300 tonnes of own crude in Jan-Mar 2021
<p> MINSK, May 17 - PrimePress. Belarus exported 418,300 tonnes of domestically produced crude oil in Jan-Mar 2021, while in Jan-Mar 2020 domestic crude was not exported, reads the official statistical report. </p> <p> </p> <p> In value terms, Belarus’ oil exports totalled $175.512m, the average price being $411.573 per tonne. </p> <p> </p> <p> As previously reported, Belarus reduced the export of domestically produced crude oil by 26.2% year on year in 2020 to 1.216 million tonnes. 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 unfavourable 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 tonne. </p> <p> </p> <p> 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. </p> <p> </p> <p> Belarus resumed the export of its crude oil in April 2020. End </p> <p> </p>
2021-05-18
Primepress
Belarus exports 418,300 tonnes of own crude in Jan-Mar 2021
MINSK, May 17 - PrimePress. Belarus exported 418,300 tonnes of domestically produced crude oil in Jan-Mar 2021, while in Jan-Mar 2020 domestic crude was not exported, reads the official statistical report.
In value terms, Belarus’ oil exports totalled $175.512m, the average price being $411.573 per tonne.
As previously reported, Belarus reduced the export of domestically produced crude oil by 26.2% year on year in 2020 to 1.216 million tonnes. 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 unfavourable price environment.
The average export price of Belarusian oil decreased in 2020 by 36% year on year to $282.021 per tonne.
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.
Belarus resumed the export of its crude oil in April 2020. End