Belarus reduces Russian crude oil import by 34.6% in Jan-Oct 2020 to $2.505bn
<p> MINSK, Dec 29 - PrimePress. Belarus reduced the import of Russian crude oil in January-October 2020 by 34.6% year on year to $2.505 billion, the National Statistics Committee of Belarus (Belstat) reports. </p> <p> </p> <p> Belstat did not provide data on the physical volume of imported oil in Jan-Oct 2020. </p> <p> </p> <p> The import of oil in Jan-Oct 2020 totaled 12.5 million tonnes (down 14.9% year on year) worth $2.895 billion (down 45.9%). The average price of oil imported by Belarus in Jan-Oct 2020 stood at $231 per tonne, down 36.5% year on year. </p> <p> </p> <p> Belarus imported 11.8 million tonnes of oil from the CIS in Jan-Oct 2020 (down 19.9% year on year) and 0.7 million tonnes from outside the CIS countries. According to Belstat, Belarus did not purchase oil from the countries other than CIS member states in Jan-Oct 2019. </p> <p> </p> <p> Belarus and Russia 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>
2020-12-30
Primepress
MINSK, Dec 29 - PrimePress. Belarus reduced the import of Russian crude oil in January-October 2020 by 34.6% year on year to $2.505 billion, the National Statistics Committee of Belarus (Belstat) reports.
Belstat did not provide data on the physical volume of imported oil in Jan-Oct 2020.
The import of oil in Jan-Oct 2020 totaled 12.5 million tonnes (down 14.9% year on year) worth $2.895 billion (down 45.9%). The average price of oil imported by Belarus in Jan-Oct 2020 stood at $231 per tonne, down 36.5% year on year.
Belarus imported 11.8 million tonnes of oil from the CIS in Jan-Oct 2020 (down 19.9% year on year) and 0.7 million tonnes from outside the CIS countries. According to Belstat, Belarus did not purchase oil from the countries other than CIS member states in Jan-Oct 2019.
Belarus and Russia 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