Crude oil needed: Belarus ready to sell Mazyr Oil Refinery stake

The Belarusian government has offered to sell its stake in Mazyr Oil Refinery to Rosneft in exchange for an increase in the amount of crude oil supplied by the Russian company to Belarus to 20 million tons by 2020, Deputy Prime Minister Piotr Prakapovich said at a joint meeting of the House of Representatives and the Council of the Republic.

According to the top official, Minsk wanted Rosneft to cut its exports to the European Union and supply more crude to Belarus instead. The Russian company would make a decision on Belarus’ offer within a month, news agency BelaPAN refers to the Deputy Prime Minister’s words .

In October Rosneft President Igor Sechin said that the company was interested to acquire the Belarusian government’s 42.76-percent stake in the refinery.

Russia’s Slavneft, which is controlled by Gazprom Neft and Rosneft, owns 42.58 percent in Mazyr Oil Refinery. The remaining shares are held by individuals., following BelaPAN

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