Belneftekhim eager to sign next year's oil delivery terms with Russia by year end

Minsk, October 18 – Neftegaz.RU. The Belarusian state petrochemical concern Belneftekhim intends to sign the next year's oil delivery balance sheet with Russia by the end of 2019, BelTA learned from Belneftekhim Deputy Chairman Vladimir Sizov during the 2nd international science, technology and investment forum on chemical engineering and oil and gas processing Petro 2019.

The official said: “It is supposed to be signed and we would like to sign it by the end of the year.” In his words, negotiations are still in progress. “The balance of oil deliveries in 2020 is a matter of bilateral relations. This is why we would like to come up with a joint decision as soon as possible. Negotiations are in progress for now,” the Belneftekhim deputy chairman said.

Asked whether the Belarusian side suggests stipulating that Belarusian oil refineries will be able to process more than 18 million tonnes of Russian oil next year, Vladimir Sizov said: “Everything will depend on the next year's delivery terms.”

Belneftekhim is also working on resolving all the issues standing in the way of signing an oil agreement with Kazakhstan, Sizov said. When asked whether the agreement may be signed in October 2019, the official said: “We expect it may happen. We are doing our best to address all the issues standing in the way of signing this agreement and prepare it for signing.”

BelTA reported earlier that Belarus intends to sign an intergovernmental agreement on oil deliveries with Kazakhstan in October 2019. It will stipulate delivery terms but not delivery volumes. Oil may be delivered from Kazakhstan via the common system of main oil pipelines or by rail.