Belarus Plans to Get Azerbaijan Oil from March

22.12.2010 09:12
Архив Редакция

The Belarusian authorities are planning to get Azerbaijan oil from March 2011. This was stated by deputy chairman of "Belneftekhim" Bronislaw Sivy at the enlarged meeting of the two standing committees of both chambers of the Belarusian parliament on December 21. "We'll be getting Azerbaijan oil through Venezuela from March 2011 under the swap contract," he said.

«We’ll be getting Azerbaijan light crude oil through the pipe, thus creating a good economy for export,» Deputy chairman of «Belneftekhim» said, BelTA informs.

Bronislaw Sivy stressed that Belarus had fulfilled version of Venezuelan oil supplies as an alternative. «We will continue this diversification work. But this is our alternative,» the deputy chairman of «Belneftekhim» noted.

Meanwhile, according to him, the main oil supply will be from Russia, because its processing will be beneficial for after the abolition by Moscow of oil duties for Minsk.

Oil Revenue to Increase to $2 Billion in 2011, Sivy

Belarus forecasts oil revenues increase in budget from $2 billion to $1.3 billion up to 2010 in case of the ratification of several agreements in the framework of the Customs Union in 2011. «If we ratify these documents, the process of trading oil and oil products within the Customs Union will be favorable for Belarus, we have every opportunity to get crude oil and petroleum free up to 1 January 2011,» Bronislaw Sivy said.

According to him, the oil price for Belarus will almost two-fold decrease, and the country’s income will increase in ten times — from $3 to $30 a ton. He noted that the Belarusian oil refineries were working for the same markets as the Russian ones. The deputy head of «Belneftekhim» also promised to increase foreign trade balance of oil and oil products in 2011 to $750 million (it amounted to $1.5 billion in 2010).

In addition, Bronislaw Sivy promised to compete with Russian oil refineries. «Russian refineries export a lot of oil, due to cheap raw materials they have. We, with expensive raw materials, could not compete with them, respectively, because this stuff was twice more expensive,» he stated.

«Today we are most interested to finally start working in the same market conditions as the other refineries, since we’re working on the same market with them. It will always let download Belarusian refineries technologically,» the representative of «Belneftekhim» said.

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