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Belarus receives first batch of Norwegian oil amid supply row with Russia

January 29/2020

MOSCOW (MRC) -- Belarus received the first batch of Norwegian oil at its Naftan refinery, state oil company Belneftekhim said following a row with Belaruss main oil supplier Russia, reported Reuters.

Moscow suspended oil supplies to refineries in Belarus from Jan. 1, though it partially restored them on Jan. 4, after both countries failed to agree terms on supplies for 2020.

Minsk has arranged an import of 86,000 tonnes of crude from Norways Johan Sverdrup field via Lithuanias Klaipeda.

On Sunday Naftan, one of the two major Belarusian refineries that have been running at minimum load this year, received 3,500 tonnes in the first batch, Belneftekhim said.

According to ICIS-MRC Price report, lower capacity utilisation at Polymir (part of Naftan) did not affect the balance of the local low density polyethylene (LDPE) market, there was no shortage of polyethylene (PE). Local companies partially compensated for the absence of domestic PE by higher shipments from Russia.

Polymir (part of Naftan) is Belarus' largest petrochemical company, producing a wide range of chemical products, such as LDPE, acrylic fibers, products of organic synthesis, hydrocarbon fractions, etc. Polymir was founded in 1968. The producer uses technologies of the largest foreign companies from Great Britain, Japan, Germany, Italy (Courtaulds, Asahi Chemical Co. Ltd, Kanematsu Gosho, SNIA BPD, etc.), as well as the developments of scientific research institutes and design institutes of the CIS countries. The plant"s annual production capacity is 130,000 tonnes.
Author:Margaret Volkova
Tags:PE, crude and gaz condensate, LDPE, petrochemistry, Naftan, Polymir, Belarus, Norway, Russia.
Category:General News
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