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Belneftekhim oil products for Russia on Russian terms

MINSK, 26 November (BelTA) – The Belarusian state petrochemical concern Belneftekhim is ready to comply with the terms of the Russian Energy Ministry regarding reverse deliveries of Belarus-made oil products, the concern’s press service told BelTA.

The source said: “We are ready to comply with the terms offered by the Energy Ministry of Russia regarding reverse deliveries of Belarus-made oil products. The concern’s enterprises will honor their partner obligations in full by exercising the necessary efforts”.

Belneftekhim fully complies with its obligations to deliver oil products to Russia in Q4 2012. As of 26 November Belneftekhim has sold 105,000 tonnes of automobile petrol on the Russian market using the October-December 2012 oil.

In Q4 2012 ZAO Belarusian Oil Company made available a total of over 180,000 tonnes of automobile petrol via the Saint Petersburg Commodity Exchange, the united trade platform of Belneftekhim concern and direct contracts. “Unfortunately, the allocated resources have not been bought in full by trade participants,” said the source.

Russian oil companies, which deliver oil to Belarusian oil refineries, have also been suggested delivering automobile petrol to the Russian market, BelTA has been told.

Belneftekhim is interested in continuing the tight cooperation with the Russian side in deliveries of oil stock to Belarusian oil refineries. Operating at full capacity, the enterprises will be able to demonstrate sufficient economic effectiveness, BelTA has learned.

BelTA reported earlier that the Russian side wants Belarus-made oil products in return for certain amounts of Russian oil. In turn, the Belarusian side is ready to supply Russia with high-quality oil products on market terms. In particular, the sides were said to be negotiating the sale of 200,000 tonnes of fuel to Russia, with Belarus getting 4.9 million tonnes of Russian oil in Q4 2012.