Business news

Belarus to get first batch of Russian oil without premium

MINSK, 4 January (BelTA) – The Belarusian state petrochemical concern Belneftekhim is drawing up papers to get the first batch of oil from a Russian company without paying a premium, Belneftekhim representatives told BelTA.

The source said: “Work continues on signing contracts on delivering hydrocarbon resources from the Russian Federation to Belarus at a price without a premium for suppliers. Papers are being drawn up with a Russian company to pump the first batch of oil that will be acquired without paying a premium.”

The source also said that the amount of raw materials Belneftekhim is expected to get soon and the stockpiled resources will keep Belarusian oil refineries working without interruptions through January 2020.

BelTA reported earlier that on 1 January Russia stopped delivering oil to Belarus. Belarusian oil refineries – Mozyr Oil Refinery and OAO Naftan – reduced their workload to the minimum the technology allows. Belneftekhim is ready to satisfy the domestic demand for automobile fuel in full. The export of oil products was temporarily suspended.

print version

make home page

add to bookmarks