Belarus reduces Russian crude import by 42.9% in Jan-May 2020 to $689.919m
<p> MINSK, Jul 21 - PrimePress. Belarus reduced the import of Russian crude oil in January-May 2020 by 42.9% year on year to $689.819 million, the National Statistics Committee of Belarus (Belstat) reports. </p> <p> </p> <p> The physical volume of imported oil decreased in Jan-May 2020 by 29.6% yoy to 4.084 million tonnes. </p> <p> </p> <p> Belstat reported the import of 6.007 million tonnes of oil in Jan-May 2020 (down 22.5% year on year) worth $904.833 million (down 40.1%). </p> <p> </p> <p> Belarus and the Russian Federation agreed in December 2019 on the supply of 24 million tonnes of oil in 2020. However, due to price disagreements in Jan-Mar 2020, Belarus did not enter into long-term contracts with Russian oil companies. </p> <p> </p> <p> Currently, Belarus is diversifying oil supplies to its two refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast), continuing bargaining over the price with its main traditional supplier–Russia. Belarus receives Russian oil through the Druzhba pipeline and by rail, and oil from alternative suppliers by sea through the ports of Klaipeda (Lithuania) and Odessa (Ukraine). This year, Belarus purchased oil from Azerbaijan, Kazakhstan, Norway, Saudi Arabia and the United States. </p> <p> </p> <p> Belarus reduced the import of Russian oil in 2019 by 3.5% yoy to $6.58 billion; in physical terms – by 1.4% to 17.998 million tonnes. The average price of Russian oil for Belarus stood at $365.64 per tonne in 2019, down 2.2% from 2018. End </p>
2020-07-22
Primepress
MINSK, Jul 21 - PrimePress. Belarus reduced the import of Russian crude oil in January-May 2020 by 42.9% year on year to $689.819 million, the National Statistics Committee of Belarus (Belstat) reports.
The physical volume of imported oil decreased in Jan-May 2020 by 29.6% yoy to 4.084 million tonnes.
Belstat reported the import of 6.007 million tonnes of oil in Jan-May 2020 (down 22.5% year on year) worth $904.833 million (down 40.1%).
Belarus and the Russian Federation agreed in December 2019 on the supply of 24 million tonnes of oil in 2020. However, due to price disagreements in Jan-Mar 2020, Belarus did not enter into long-term contracts with Russian oil companies.
Currently, Belarus is diversifying oil supplies to its two refineries (Mozyr Oil Refinery OJSC, Gomel Oblast, and Naftan OJSC, Novopolotsk, Vitebsk Oblast), continuing bargaining over the price with its main traditional supplier–Russia. Belarus receives Russian oil through the Druzhba pipeline and by rail, and oil from alternative suppliers by sea through the ports of Klaipeda (Lithuania) and Odessa (Ukraine). This year, Belarus purchased oil from Azerbaijan, Kazakhstan, Norway, Saudi Arabia and the United States.
Belarus reduced the import of Russian oil in 2019 by 3.5% yoy to $6.58 billion; in physical terms – by 1.4% to 17.998 million tonnes. The average price of Russian oil for Belarus stood at $365.64 per tonne in 2019, down 2.2% from 2018. End