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Five new Russian companies to sell about 200,000t of oil to Belarus in March without premium

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MINSK, 9 March (BelTA) – Five small Russian companies will ship 200,000 tonnes of oil to Belarus in March, BelTA learned from Press Secretary of the Belarusian state petrochemical concern Belneftekhim Aleksandr Tishchenko.

The spokesman said: “Five suppliers Belarus has not worked with yet will ship about 200,000 tonnes of oil to the country in March. That’s in addition to SAFMAR’s 300,000 tonnes in March.”

The official specified the shipments will not require a premium, which is what the Belarusian side had wanted.

Speaking about possible shipments from these small Russian companies in April, Aleksandr Tishchenko noted the matter needs more work that will be done depending on the situation on the global oil market.

Apart from that, the State Oil Company of the Azerbaijan Republic (SOCAR) will ship about 250,000 tonnes of oil to Belarus in March. This month Belarus will also receive about 160,000 tonnes of Russian oil bought via traders without a premium. Belarusian oil refineries will get a total of about 1 million tonnes of oil in March.

Major Russian oil companies stopped shipping oil to Belarus on 1 January after the sides failed to come to an agreement on the price. First Deputy Prime Minister of Belarus Dmitry Krutoi was quoted as saying that Belarus believes it is economically inadvisable and pointless to pay the same amounts of premium to Russian companies.

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