international magazine
27-05-2020 14:00


BELNEFTEKHIM SET TO DIVERT MOTOR FUELS TO OTHER MARKETS AFTER THE RUSSIAN FEDERATION PETROLEUM PRODUCTS IMPORTS BAN.



BELNEFTEKHIM SET TO DIVERT MOTOR FUELS TO OTHER MARKETS AFTER THE RUSSIAN FEDERATION PETROLEUM PRODUCTS IMPORTS BAN.

Belarus Petrochemical concern Belneftekhim sees no problems with the exports of fuels after the Russian Federation’s petroleum products imports ban, given that small volumes were supplied to the Russian market from Belarus. Belneftekhim press secretary Alexander Tishchenko has stated.



“As for the Russian market, it was not the main destination for our fuel. Sales were spot-based via the merchandize exchange in St. Petersburg, he added. - The share of deliveries to Russia in total exports was small. Therefore, volumes that cannot be delivered to the Russian Federation will be redirected to other markets without much effect on our exports.”

According to Tishchenko Belarus refineries operation is currently steady. The workload volumes aim to ensure to meet the domestic market needs and also sustain steady exports to the primary destinations.

The ban on imports of petroleum products to the Russian Federation will be valid until the 1st of October. Previously, Russia’s Energy Minister Alexander Novak stated that this was a forced and not quite a market move, aiming to prevent cheap foreign gasoline supplies to the domestic market and also aiming to support Russian oil refineries.