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Russia hopes to sign annual oil supplies agrmnt with Belarus in Q2

“Final amounts of supplies through to the yearend haven’t been fully specified yet,” Energy Minister said

St PETERSBURG, March 15 (Itar-Tass) – Russia plans signing an annual agreement on crude oil supplies to Belarus in the second quarter of the year, Energy Minister Alexander Novak told reporters here Friday.

“Final amounts of supplies through to the yearend haven’t been fully specified yet,” he said. “Right now, they are specified only for the first and second quarters.”

“The process is still underway and while we’re drafting the oil balance sheet for the third quarter, we’ll most probably also get the final figures through to the end of the year,” Novak said.

“A protocol covering the second quarter has been signed with Belarus and it spells out the amounts of crude oil and oil product supplies,” he said.

Earlier reports said Moscow and Minsk had agreed on the delivery of 5.75 mln tons of crude to Belarus in the second quarter of 2013 proceeding from the Belarusian government’s expectations for the annual 23 million tons.