Russia cuts oil supplies to Belarus by 24.1% in 2020 to 13.35m tonnes – CDC
<p> MINSK, Jan 13 - PrimePress. Russian companies reduced oil supplies to Belarus in 2020 by 24.1% year on year to 13.35 million tonnes, enkorr portal reports, citing the Central Dispatch Center (CDC) of the Fuel and Energy Complex of the Russian Federation. </p> <p> </p> <p> Belarus reduced imports of Russian oil in 2019 by 1.4% against 2018 to 17.998 million tonnes. </p> <p> </p> <p> Belarus and Russia failed to agree on the full resumption of oil supplies in early 2020 (24 million tonnes were planned for 2020) due to price disputes, in particular, the Russian export premiums of $10-12 per tonne for Russian oil suppliers. During the intergovernmental talks on oil supply resumption held in late March 2020, the parties agreed that Russian oil companies would make a $7 per tonne discount to the premiums, and the $4.7 per tonne premium would be covered by the Russian budget by means of inter-budget transfers, but only in 2020 if the oil price would not be over $40-45 per barrel. End </p> <p> </p> <p> Prime Minister of Belarus Roman Golovchenko said on December 29, 2020 that oil contracts for 2021 had been signed with all major suppliers. In the first quarter of 2021, Russian oil companies plan to supply 4.5 million tonnes of oil to Belarus by pipelines. End </p>
2021-01-14
Primepress
MINSK, Jan 13 - PrimePress. Russian companies reduced oil supplies to Belarus in 2020 by 24.1% year on year to 13.35 million tonnes, enkorr portal reports, citing the Central Dispatch Center (CDC) of the Fuel and Energy Complex of the Russian Federation.
Belarus reduced imports of Russian oil in 2019 by 1.4% against 2018 to 17.998 million tonnes.
Belarus and Russia failed to agree on the full resumption of oil supplies in early 2020 (24 million tonnes were planned for 2020) due to price disputes, in particular, the Russian export premiums of $10-12 per tonne for Russian oil suppliers. During the intergovernmental talks on oil supply resumption held in late March 2020, the parties agreed that Russian oil companies would make a $7 per tonne discount to the premiums, and the $4.7 per tonne premium would be covered by the Russian budget by means of inter-budget transfers, but only in 2020 if the oil price would not be over $40-45 per barrel. End
Prime Minister of Belarus Roman Golovchenko said on December 29, 2020 that oil contracts for 2021 had been signed with all major suppliers. In the first quarter of 2021, Russian oil companies plan to supply 4.5 million tonnes of oil to Belarus by pipelines. End