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Russia may start exporting Belarusian oil products in 2021

January 12/2021

MOSCOW (MRC) -- Russian deputy prime minister Alexander Novak said Jan. 4 that export of Belarusian oil products via Russian may begin in 2021, reported S&P Global.

"I think 2021 is a very realistic timeframe for deliveries to begin," Novak said in an interview aired on Russian business channel RBC.

In September Novak said that deliveries of Belarusian oil products could reach 4-6 million mt, considering spare capacity at ports in North Western Russia including Primorsk, Saint Petersburg and Ust-Luga.

Russia and Belarus have been discussing exports via Russia since September, after Lithuania imposed sanctions on Belarus. The measures were introduced in response to allegations that presidential elections were not free and fair, and a subsequent crackdown on protests against the result, which saw Alexander Lukashenko remain in office.

In mid December the Lithuanian port of Klaipeda said that Belarusian Oil Company was temporarily suspending oil products exports via the port. Belarus has also used Klaipeda to receive deliveries of crude from alternative suppliers, including Norway, Saudi Arabia and the USA in 2020, when Russia cut deliveries to Belarus over a dispute on supply terms.

According to MRC's DataScope report, overall polypropylene (PP) imports into Belarus rose in the first ten months of 2020 by 6% year on year to 95,500 tonnes. At the same time, homopolymer of propylene (homopolymer PP) accounted for the greatest increase in demand. October PP imports to the Republic of Belarus were 11,600 tonnes, which virtually corresponded to the same figure a month earlier. Local companies maintained high volumes of purchases of all grades of propylene polymers in Europe and Russia. Overall imports of propylene polymers reached 95,500 tonnes in January-October 2020, compared to 90,000 tonnes a year earlier; demand only for homopolymer PP increased, whereas demand for propylene copolymers decreased.
Author:Margaret Volkova
Tags:Europe, PP, crude and gaz condensate, homopolymer PP, sopolimeri propilena, petrochemistry, Belarus, Russia, Saudi Arabia, USA.
Category:General News
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