Belarus’ oil products export down 23.3% in Jan-Nov 2020 to 7.38m tonnes
<p> MINSK, Jan 14 - PrimePress. Belarus reduced the export of oil products in January-November 2020 by 23.3% year on year to 7.38 million tonnes, the National Statistics Committee of Belarus (Belstat) reports. </p> <p> </p> <p> In value terms, the export decreased in Jan-Nov 2020 by 50.3% y/y to $2.38 billion. </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> The average export price of Belarusian oil products in Jan-Oct 2020 stood at $323.057 per tonne, down 36% year on year. </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. The import of oil from Russia thus only fell by 1.4% to 17.998 million tonnes. In monetary terms, the export of oil products decreased 19.7% to $5.2 billion. End </p>
2021-01-15
Primepress
Belarus’ oil products export down 23.3% in Jan-Nov 2020 to 7.38m tonnes
MINSK, Jan 14 - PrimePress. Belarus reduced the export of oil products in January-November 2020 by 23.3% year on year to 7.38 million tonnes, the National Statistics Committee of Belarus (Belstat) reports.
In value terms, the export decreased in Jan-Nov 2020 by 50.3% y/y to $2.38 billion.
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.
The average export price of Belarusian oil products in Jan-Oct 2020 stood at $323.057 per tonne, down 36% year on year.
As previously reported, Belarus reduced the export of oil products in 2019 by 11.7% year on year to 10.5 million tonnes. The import of oil from Russia thus only fell by 1.4% to 17.998 million tonnes. In monetary terms, the export of oil products decreased 19.7% to $5.2 billion. End