Belarus suspended export of its own oil

In January, the state company Belorusneft suspended supplies of oil produced in the country due to a shortage of raw materials at its own refineries. This was reported by BusinessCensor with reference to Reuters.

Belarus buys Russian raw materials for refining at its plants, while almost all of the oil that is produced in the country is exported.

In 2019, Belorusneft held a tender for the sale of 1.66 million tons of oil pumped through Druzhba pipeline to Germany or Poland in 2020.

Recall that from January 1, 2020, Russian companies stopped supplying oil to Belarus, because the parties could not agree on a price.

On January 4, Belneftekhim announced the conclusion of its first contract this year with a Russian oil company. On January 6, Belarus Naftan Refinery resumed oil refining from Russia.

Earlier it was reported that Belarus stated that it wants a gas price, as in Smolensk region of the Russian Federation.

Tags: gas, contracts, oil, hydrocarbon production, tariffs, legislation, EU, energy market, добыча нефти, RF, Oil refinery plant, foreign affairs, oil transit, export, Germany, volumes, oil products, oil deliveries

Read also

Oil rallies as Trump talks up truce hopes for Saudi-Russia price war
Belarus confirms April oil deliveries through Ukraine
The United States, Russia and Saudi Arabia will jointly deal with the issue of oil prices – Trump