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Russian Transneft says oil supply schedule for Belarus in 2Q 2017

April 17/2017

MOSCOW (MRC) -- Russia will supply 5 MMt of oil to Belarus in the second quarter, down from 6 MMt seen previously, Russian oil pipeline monopoly Transneft said on Friday, as per Reuters.

It also said that oil flows to Belarus still expected at 24 MMt in 2017 after a broader deal with the ex-Soviet state was reached earlier this month.

Supplies in the second half of the year are seen at 15 MMt.

Russian companies have an allocation to export 4 MMt of crude oil to Belarus in April-June. Russia earlier cut first-quarter oil supply plans to 4 MMt from a planned 4.5 MM due to a dispute over natural gas.

Some traders say increasing exports to Belarus would help Transneft overcome possible shortages of export capacity at Russian ports.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, Transneft, Russia.
Category:General News
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