Azerbaijani SOCAR to supply up to 1 mln tons of oil to Belarus in 2020

Head of Belneftekhim Andrei Rybakou said that Belarus would purchase up to 1 million tons of Azerbaijani oil in 2020. The deliveries will be made by Socar.

On March 2, Belarusian Prime Minister Siarhei Rumas held talks with President of the Azerbaijani state oil company Socar Rovnag Abdullayev. Head of Belneftekhim Andrei Rybakou also attended the meeting.

The press secretary of the Belarusian Prime Minister Alyaksandra Isayeva published a statement by Andrei Rybakou in her Facebook.

“Volumes will increase from year to year. We are talking about volumes this year — up to 1 million tons of oil. This will be determined every month based on economic, logistic etc. figures. But it will be on a permanent basis,” said Andrei Rybakov.

During the meeting, PM Rumas explained that Belarus is not going to “completely abandon the supply of Russian oil at this stage” and “is obliged to diversify supplies to a certain level”.

“We are in search of reliable partners with whom we can conclude long-term contracts. As practice shows, Socar can be a reliable partner. Therefore, Belarus is interested in signing a long-term contract for the supply of Azerbaijani oil. We plan to refine this oil at the Mazyr Oil Refinery using the Odessa-Brody pipeline,” said Head of the Belarusian Government Siarhei Rumas.

On January 1, 2020, Russia stopped supplying oil to the Belarusian refineries, which led to the reduction of production capacity.