Belarus’ oil products export down 36.6% in Jan-Aug 2020 to 4.499m tonnes
<p> MINSK, Oct 22 - PrimePress. Belarus reduced the export of oil products in January-August 2020 by 36.6% year on year to 4.499 million tonnes, the National Statistics Committee of Belarus (Belstat) reports. </p> <p> </p> <p> In value terms, the export decreased in Jan-Aug 2020 by 60% y/y to $1.448 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-Aug 2020 stood at $321.841 per tonne, down 38.9% 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. 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>
2020-10-23
Primepress
MINSK, Oct 22 - PrimePress. Belarus reduced the export of oil products in January-August 2020 by 36.6% year on year to 4.499 million tonnes, the National Statistics Committee of Belarus (Belstat) reports.
In value terms, the export decreased in Jan-Aug 2020 by 60% y/y to $1.448 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-Aug 2020 stood at $321.841 per tonne, down 38.9% 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. 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