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Azerbaijan´s SOCAR sends another batch of oil to Belarus

Belarus diversified its purchases of raw materials for its 2 refineries amid periodic disputes over oil prices with Russia, its main and traditional supplier.

Azerbaijan´s SOCAR sends another batch of oil to Belarus

Baku, February 15 - Neftegaz.RU. Azerbaijan’s state oil company (SOCAR) shipped a batch of 90,000 tons of Azerbaijani oil to Belarus on February 5, local media reported with reference to the company’s Deputy Head of public relations Ibrahim Ahmadov.

I.Ahmadov noted that SOCAR Trading signed a contract with Belarusian side for the delivery of approximately 1 million tons of oil in 2021.
It is worth mentioning that SOCAR delivered to Belneftekhim about 1 million tons of oil in 2020, including about 720,000 tons of Azerbaijani oil.

Oil transports from Azerbaijan to Belarus via the Odessa-Brody pipeline started in 2011.
Although the contract provides for the transportation of 4 million tons of oil, the actual volume of transported oil has been about 900,000 tons.

SOCAR sent the 1st tanker of Azerbaijani oil to the Belneftekhim by tankers from the Turkish port of Ceyhan to Belarus on March 5, 2020.

It should be noted that:
  • Russia remained Azerbaijan's main trade partner among CIS countries, with a trade turnover of $2.6 billion
  • Belarus is Azerbaijan’s 3rd largest trade partner among the CIS countries, with trade amounting to $313.1 million in 2020
  • Of total turnover, the country’s export to Belarus amounted to $164.9 million, while imports from Belarus to Azerbaijan reached $148.2 million

Author: Ayya Lmahamad

Source : Neftegaz.RU

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