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Talks on oil supplies to Belarus continue — Russian energy minister

July 08, 20:39 UTC+3 MOSCOW
The minister says no progress reached yet
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MOSCOW, July 8. /TASS/. The negotiations on oil supplies to Belarus are continuing, there has been no progress yet, Russia’s Energy Minister Alexander Novak told reporters.

"With regard to this aspect, we do not have any progress. In the near future the negotiations will continue. If the Belarusian side fulfills its obligations under the contract on gas supplies, perhaps, the volume of oil supplies will be increased," Novak said.

Earlier it was reported that the Belneftekhim concern was going to hold consultations with the Russian Energy Ministry Federation on the reduction of Russian oil deliveries scheduled for the third quarter of 2016.

Novak said that Russia will redirect part of its oil exports from Belarus to third countries and the volume of supplies to Belarus in the third quarter will be 2 million tonnes. For the whole year oil supplies to Belarus will be not less than 18 million tonnes.

According to him, the reduction of oil supplies was due to non-payment for gas and failure to supply oil products from Belarusian refineries.

Russia is losing revenues because Belarus has failed to meet the schedule of deliveries of petroleum products for six months, he said.

Novak noted that in the fourth quarter the situation could change. He stressed that oil supplies to Belarus are carried out on a duty-free basis.


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