Belarus’ oil product export down 31.5% in Jan-May 2020 to 2.447m tonnes
<p> MINSK, Jul 21 - PrimePress. Belarus reduced the export of oil products in January-May 2020 by 31.5% year on year to 2.447 million tonnes, the National Statistics Committee of Belarus (Belstat) reports. </p> <p> </p> <p> In value terms, the export decreased in Jan-May 2020 by 38.3% yoy to $859.547 million. </p> <p> </p> <p> The decrease in revenues was primarily due to the decline in the physical volumes of oil products export, as Belarus had no long-term contracts with traditional Russian oil suppliers in January-March 2020. </p> <p> </p> <p> As previously reported, Belarus reduced the export of oil products in 2019 by 11.7% year on year to 10.5 million tonnes. In monetary terms, the export of oil products decreased 19.7% to $5.2 billion. The decrease in foreign exchange receipts was primarily due scheduled repairs at the Belarusian oil refineries, lower prices of oil products, and a decrease in the physical volume of exported oil products caused by the accident with the supply of substandard Russian oil to Belarus. End. </p>
2020-07-22
Primepress
Belarus’ oil product export down 31.5% in Jan-May 2020 to 2.447m tonnes
MINSK, Jul 21 - PrimePress. Belarus reduced the export of oil products in January-May 2020 by 31.5% year on year to 2.447 million tonnes, the National Statistics Committee of Belarus (Belstat) reports.
In value terms, the export decreased in Jan-May 2020 by 38.3% yoy to $859.547 million.
The decrease in revenues was primarily due to the decline in the physical volumes of oil products export, as Belarus had no long-term contracts with traditional Russian oil suppliers in January-March 2020.
As previously reported, Belarus reduced the export of oil products in 2019 by 11.7% year on year to 10.5 million tonnes. In monetary terms, the export of oil products decreased 19.7% to $5.2 billion. The decrease in foreign exchange receipts was primarily due scheduled repairs at the Belarusian oil refineries, lower prices of oil products, and a decrease in the physical volume of exported oil products caused by the accident with the supply of substandard Russian oil to Belarus. End.