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28 Dec 2020

Belarus signs oil contracts for 2021 with Russian suppliers

Belarus signs oil contracts for 2021 with Russian suppliers
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MINSK, 28 December (BelTA) – Belarus has already signed oil contracts for 2021 with a number of major suppliers from Russia, Prime Minister Roman Golovchenko told the Belarus 1 TV channel, BelTA informs.

“Work is underway to sign contracts to supply oil to Belarus. Agreements have already been signed with a number of major companies to supply oil by pipeline next year. Some technicalities are being settled with some other suppliers,” Roman Golovchenko said.

The head of government expressed confidence that by the end of the year “absolutely all contracts for the supply of oil to Belarus will be signed”.

“These matters are traditionally addressed in the run-up to New Year. There are no tensions this year, these matters are being dealt with as planned. We have agreed with the government of the Russian Federation that we will not do it at the eleventh hour,” the premier noted.

Speaking about the volume of oil refining at Belarusian refineries in 2021, Roman Golovchenko noted that it will be determined by economic feasibility. “However, the Russian side is ready to supply as much as possible. If it is profitable for us to refine 18 million tonnes, we will refine it. It will depend on the situation on the market,” he explained.

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