Belarusian refineries enter contracts for Russian oil supplies at price of $4 per barrel

Belarusian refineries enter contracts for Russian oil supplies at price of $4 per barrel
  • Clock-gray 00:22
  • calendar-gray 04 April 2020

Belarusian oil refineries began to conclude contracts with Russian oil companies for the volume of oil supplies in April at the price of $4 per barrel, spokesperson for the Belarusian state oil and gas company Belneftekhim Alexander Tishchenko announced on Friday, APA reports Sputnik.

"Yesterday, on April 2, 2020, Belarusian refineries began entering contracts for April oil supplies from the oil companies. In total, according to commercial offers, the total volume of the supplies is planned at 2 million tonnes," Tishchenko said in a statement.

"By the time the resources were confirmed the suppliers' prices for Urals oil for Belarus amounted to $4 per barrel." He also noted that issues related to payment of premiums to Russian suppliers would be resolved via inter-budgetary settlements.

The press service of Belneftekhim recalled that, as Russia’s Finance Ministry stated earlier, "they will be able to proceed with inter-budgetary settlements only after signing the contracts."

"The parties’ comments do not contain any contradictions either in price, or in the volume of deliveries, or in terms of premiums to Russian oil companies," the Belneftekhim press service noted.
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