20 January 2018, Saturday, 20:12

Russia promises Belarus 5.85 mln tons of oil in Q4


Russia is to supply 5.85 mln tons of oil to Belarus in the fourth quarter of this year.

Such an agreement was reached yesterday at a meeting between Prime Minister of Belarus Mikhail Myasnikovich and Energy Minister of Russia Alexander Novak in Minsk, charter97.org was informed by the press-service of the Russian ministry.

The key topics of the talks included additional supplies of the Russian oil to Belarus in Q4 2014 and the balance of oil stock and oil products for “the union state” in 2015. The parties agreed to approve the balance for 2015 by 15 September 2014.

The head of the Energy Ministry confirmed Russia’s readiness to deliver 23 million tonnes of oil next year under the condition of Belarus’ counter deliveries of 3.3 million tons of oil products, the press service noted. The parties also discussed the possibility to increase the transit of the Russian oil through the territory of Belarus.

During the meeting the Belarusian side suggested analyzing the consequences of the Russian “tax maneuver” for the country. Alexander Novak stressed that under the “maneuver” terms the refining margin at the Belarusian oil refineries will stay positive and said it was possible that a group of experts from the Energy Ministry and the Finance Ministry would be set up to conduct a comprehensive analysis of the possible impact of the reform on the Belarusian oil refining industry.