Russia Oil and Gas, Belneftekhim

In January – May, Belarus increased oil products supplies to the Ukraine by 68.3%

In January – May, Belarus increased oil products supplies to the Ukraine by 68.3% to 1.913 million tons. In cash, imports increased by 5% to $675.35 million.

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Negotiations between Belarus and Russia on conditions of oil supply in 2016 planned to be over in December –Belneftechem

The negotiations of Belneftechem and Belarus oil processing plants with the Russian oil companies that ship oil to the oil refinery plants of Belarus on the conditions of supplies for 2016 are planned to be over in December, the press service of Belneftechem said.
The goal of the working negotiations is the optimization of  cooperation of the parties and workout of mutually beneficial conditions of cooperation in the oil processing sphere.
Belneftechem said that in 2015 there were a number of events in the international political and economic sectors that directly influence on the environment in the oil market as a result of which the oil prices went down.
Nevertheless due to the tax maneuver introduced by Russia the oil price rose shipped from Russia to Belarus. Annually the quality of oil is worsening that demands additional expenditure on its processing to produce oil products of European quality.
According to Belneftechem, in the past years the Belarus oil refineries held a serious technological modernization.

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Minsk drop of oil.

"Belneftekhim" wants a new discount from Russian oil producers.
Belarus offers Russia's oil companies to revise the price formula for the oil supplied into the country. According to "the Kommersant", "Belneftekhim" insists on an additional discount of $ 5 per ton, but suppliers do not agree to this. According to experts, the Belarusians are trying to take advantage of the unfavorable situation in the oil market, but there are no real alternatives to supplies from the Russian Federation.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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