Export of oil products from Belarus in the first half of the year fell by almost 43%

Belarus exported 3.01 million tons of oil products in January-June 2020. This figure is 42.6% less compared to the same period in 2019, Angi reports.

In value terms, the export of petroleum products for the half-year fell by 63.3% to $979.3 million. The average export price in January-June was $325.04 per ton, which is 36.1% less compared to the average price in the first half of 2019.

In the structure of exports in January-June, supplies to Ukraine amounted to 1.28 million tons (a decrease of 10.7%) by $509.4 million (41.8% less), to the EU countries – 457.6 thousand tons (a decrease 59%) by $131.8 million (75.7% less). According to statistics, supplies of oil products from Belarus to Great Britain in January-June 2020 amounted to 1.04 million tons (a decrease of 59.1%) by $249.8 million (78.8% less).

The export of oil produced in Belarus in the first half of the year decreased by 38% to 365 thousand tons, in value terms it decreased by 69.3% to $82.09 million.

In 2019, the export of petroleum products from Belarus decreased by 11.7% to 10.52 million tons of oil products after a decrease of 3.1% in 2018 (11.93 million tons).

Tags: contracts, oil, hydrocarbon production, legislation, EU, Top management, energy market, добыча нефти, коронавирус, Oil refinery plant, foreign affairs, export, import, negotiations, stocks, price, agreement, volumes, oil products, oil deliveries, infrastructure, energy sector, quarantine, pandemic, Belarus, oil pipeline, COVID-19, energy security, oil companies, oil reserves, economy, market, oil production, supplier, consumers, oil market

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