Belarus Will Purchase 2 Million Tonnes Of Russian Oil At $4 Per Barrel

Belneftekhim is negotiating the supply of two million tons of oil in April, Belarusian Prime Minister Sergei Rumas told media on Thursday, 2 April.

“I believe today Belneftekhim will conclude talks with Russian companies on oil supplies for April. We expect to receive two million tonnes,” the premier said. He also noted that the oil will be supplied without premiums.

belarus russian oil supply price

Belarusian Prime Minister Sergei Rumas

“Purchasing Russian oil without premiums is the unwavering and consistent position of the head of state the government sticks to. As a result we agreed on the oil price for April – we will pay about $4 per barrel for the Russian oil,” Rumas added.

The parties have been negotiating oil supplies to Belarus since the beginning of the year. The refineries worked at half load using alternative supplies, own raw materials exported in previous years and supplies provided by Mikhail Gutseriev’s companies.

On 21 March, the press service of the Russian cabinet announced that the prime ministers of Belarus and Russia agreed to supply oil to the Belarusian refineries “in full and on agreed terms.”

“All Russian companies will be able to supply oil without a premium. Of this premium, $11,7 per tonne, $7 are reduced by companies, the remaining $4,7 will be settled by inter-budget settlements. That is, the Russian government will cover $4,7,” Rumas earlier explained.

Source: TUT.BY