Belorussia resumes oil products supply to Russia

By | October 7, 2020
Belorussia resumes oil products supply to Russia

From October “Belarusian Oil Company” (BNK) resumed supplies of oil products to Russia. This was announced today, on October 7, by Sergey Kamornikov, Deputy Director-General for hydrocarbons supply of Belorusneft and Chairman of BNK Supervisory Board.

“I can confirm that supplies of Belarusian oil products to Russia have been resumed. Sales are carried out by BNK with the participation of its subsidiary in Smolensk. During October 1-5 we sold over 25 thousand tons of diesel fuel to Russia from Mozyr refinery and “Naftana” production. At that, all amendments are higher than for supplies to the Ukrainian market,” he said.
According to him, “by the end of the year, BNK sees an opportunity to supply about 50 thousand tons of oil products to Russia every month”. At the same time, Kamornikov explained that the relatively small volume is explained by BNK’s long-term commitments to supply to Ukraine, Poland, and Baltic countries.

“In general, this is a market process. If there is demand, we will be ready to supply more to Russia,” he added.
It should be reminded that starting from June 2 the Russian government introduced a ban on the import of oil products with the purpose of support of domestic refiners. Prohibition of oil products import was valid till October 1 and applied to gasoline, diesel fuel, marine fuel and gas oils. At the same time since the end of 2018, there is a ban on the export of oil products to Byelorussia introduced in Russia.