Ukraine and Belarus extended oil transit agreement for 2021

The General Director of Ukrtransnafta Mykolai Havrylenko said that Ukrtransnafta and BNK UK Ltd (a subsidiary of the Belarusian Oil Company, BNK) had extended the contract for oil transit for 2021, Interfax-Ukraine reports.

“We have already extended it. At the beginning of December,” he said in an interview with the agency.

According to him, the tariff and contractual conditions between the parties for the next year correspond to the current agreement.

 “The conditions are the same. There was a request from the Belarusian side to make a certain discount on the tariff. Still, considering our production peculiarities for pumping in the mode stipulated by the contract, we explained to them that a decrease is possible if the volume of transported oil increases in their direction. They have differentials; they clearly understand what options to reduce the tariff are possible. The volumes will increase – the tariff will decrease,” Havrylenko explained.

He also clarified that BNK had already nominated one tanker for the first ten days of January 2021.

In general, by the end of 2020, the transportation of Azerbaijani oil from the Pivdennyi sea oil terminal to Belarus through Ukraine will amount to 880 thousand tons, incl. 80 thousand tons – in export mode.

To recap, Ukrtransnafta provides round-the-clock online monitoring of the division's facilities.

Earlier it was reported that Ukrtransnafta sold Azerbaijani oil purchased in the spring of 2020.