Belarus to continue negotiations with Russia over compensations for losses due to tainted oil

Minsk, September 19 - Neftegaz.RU. Belarus will continue negotiations with Russia over compensations for losses due to tainted oil, Vladimir Sizov, deputy chairman of oil industry concern Belneftekhim, told reporters on the sidelines of the Belarusian Industrial and Investment Forum, BelTA has learned.

“The main technical measures to remove tainted oil from Belarus have been completed. Some of the damage has already been compensated. Questions still remain with regards to lost earnings from oil transit, under-utilization of refineries and damage to equipment,” Vladimir Sizov said.

According to him, the amounts of compensation will be determined during the negotiations with the Russian side. Vladimir Sizov confirmed the technical readiness of Belarus to pump the planned volume of oil by the end of the year.

“The technical capabilities of oil transit companies allow us to pump the volumes that were planned as of the beginning of the year. The question now is about the exact amount of transit oil. This will depend on the needs of oil companies, sellers and buyers and Transneft's capacities to transit oil via Belarus,” said Vladimir Sizov.