Report: Russian firms not to cut oil exports premium to Belarus - Oil & Gas - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Russian firms not to cut oil exports premium to Belarus

MINSK, Jan 14 (PRIME) -- Russian oil companies except Slavneft have not agreed to reduce their premiums for exports of oil to Belarus, but Minsk cannot keep the premiums after changes in the Russian oil industry taxation, First Deputy Prime Minister Dmitry Krutoi said as cited by newswire Belta on Tuesday.

УWe have no new nuances in the negotiations with the Russian Federation today. We are still sticking to the positionЕ that there is no sense to pay Russian companies the premium, which we agreed to in 2011 in the conditions of fulfillment of the tax maneuver and annual growth of the price of oil for Belarus. This is just economically unsound,Ф Krutoi said.

He said that Belarus continues the negotiations with Slavneft.

Belarus expects to reach an import agreement with another country soon. УWe have distributed corresponding commercial proposals. All commercial services of our plants, of the Belarusian oil company, are in negotiations on a virtually everyday basis. I think we will soon attain alternative layouts of oil supplies preciselyЕ All possible countries (are considered): Ukraine, Poland, the Baltic States, Kazakhstan and Azerbaijan. We have taken care of the issue,Ф Krutoi said.

The oil negotiations fell through in 2019, and Russia stopped the exports on January 1, 2020 as the export contracts between Russian companies and Belarusian customers expired.

On January 4, Deputy CEO of the stateТs energy holding Belneftekhim Vladimir Sizov said that Belarus plans to resume exports of oil products until the end of January and hopes to receive 650,000 tonnes of oil from Russia in the month. He also said that a Russian company had agreed to send a batch of oil without a U.S. $10 per tonne premium.


14.01.2020 15:15
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 89.3304 +0.0758 19 jan
USD 73.9735 +0.4282 19 jan
Stock Market Indices
1D 1W 1M 1Y
rtsi 1405.14 -1.38 17:14 05 jan
micex 3343.42 -0.21 17:14 05 jan
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 212.52 -0.09 16:58 05 jan
lkoh 5245.00 +0.62 16:58 05 jan
rosn 439.20 +0.73 16:58 05 jan
sber 272.07 +0.03 16:57 05 jan
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 91.2400 +1.0475 14:59 30 dec
USDTD 74.7675 +1.1025 17:44 30 dec