Norway supplied a batch of oil to Belarus

Belarusian Oil Company bought 80 thousand tons of Norwegian oil Johan Sverdrup. It is reported by Interfax.

“A batch of Norwegian oil in the amount of 80 thousand tons was purchased for Novopolotsk refinery Naftan, delivery through the port of Klaipeda on January 22”, a spokesman said.  

The deal was concluded by Belarusian Oil Company, which is a state oil trader responsible for the export of Belarusian oil products.

To recap, from January 1, 2020, Russian companies stopped supplying oil to Belarus, the parties could not agree on a price. Since the evening of January 4, 26.5 thousand tons of raw materials were delivered to the Naftan refinery, the refinery resumed oil refining from Russia. Belarus also suspended the export of its own oil.

The Ministry of Antimonopoly Regulation and Trade (MART) of Belarus and the Federal Antimonopoly Service have not yet agreed on the cost of transit of Russian oil through the territory of Belarus.

Later, First Deputy Prime Minister of Belarus Dmitry Krutoy said that the government continues to search for alternative oil supply routes. Belarus considers such countries as: Ukraine, Poland, the Baltic countries, Kazakhstan, and Azerbaijan.

Tags: contracts, oil, hydrocarbon production, legislation, EU, energy market, добыча нефти, RF, Oil refinery plant, foreign affairs, stocks, agreement, oil products, oil deliveries

Read also

Ukrnafta could not sell raw materials at auction due to lack of buyers
Belarus expects another oil supply with transshipment in Lithuania
Ukraine is ready for oil transit to the Belarusian oil refinery through the Odesa-Brody pipeline