Press digest

2019 April 24

Belarus looks for Baltic Sea ports fit for oil import

When looking for seaport terminals in the Baltic states, we will take into account the availability of oil import infrastructure, Deputy Director General at the Belarusian Oil Company Sergei Grib said as the seminar-conference “Export of Belneftekhim products to the EU” organized by the National Marketing Center at the Ministry of Foreign Affairs, BelTA has learned.

“We are working with the sea ports of Latvia and Lithuania. The availability of oil import infrastructure will be the main important factor as we make a decision to acquire a seaport terminal,” Sergei Grib said.

According to him, buying seaport assets is on the agenda as the country is looking for oil import alternative routes after the tax maneuver in Russia.

“This issue is always on the agenda. Everything will depend on the terms and conditions that our partners from the Baltic countries will offer us. We are talking about the amount of 200,000-300,000 tonnes per month,” he added.

Belneftekhim has been working on diversification of oil supply routes for a while. It has already had experience of bringing oil from various regions, gained possible partners and worked out the logistics of bringing alternative oil to the Belarusian refineries using the capacities of seaports, pipeline and railway transport, Deputy Chairman of the Board at Belarusian state petrochemical concern Belneftekhim Vladimir Sizov said in an interview with BelTA earlier.