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Belarus says Azerbaijan could supply up to 1 M tons of oil in 2020

March 05/2020

MOSCOW (MRC) -- Belarusian state energy firm Belneftekhim said Azerbaijans state oil company Socar could deliver up to 1 million tonnes of oil to Belarus in 2020, reported Reuters with reference to TASS news agency.

Belarus and Russia failed to agree on oil delivery terms for 2020 and major Russian oil companies suspended pipeline oil supplies to Belarus. 

In late January 2020, as MRC wrote before, the country's Naftan refinery received 80,000 mt of Norwegian oil to test out new routes and compare losses with the current price of Russian oil.

Lukashenko said in mid-December 2019 that Russia had agreed in principle to supply 20-22 Bcm of gas and 24 million-25 million mt of oil in 2020 to Belarus.

According to ICIS-MRC Price report, lower capacity utilisation at Polymir (part of Naftan) in January 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, SOCAR Polymer, Polymir, Azerbaijan, Belarus, Norway, Russia.
Category:General News
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