Russia has agreed to ship 23 million tonnes of crude oil to Belarus this year, more than in 2013, a spokeswoman for Russia's Energy Ministry said on Friday, in a sign of thawing relations between the two countries.
The increase in supplies to Belarus is likely to put upward pressure on prices of Russia's Urals crude blend.
Last year, Russia supplied 21 million tonnes of crude to Belarus and threatened to cut supplies after the two became embroiled in a dispute over potash.
The spokeswoman for Russia's Energy Ministry said Russia would supply 21 million tonnes of oil (420,000 barrels per day) to Belarus via a pipeline and 2 million tonnes via railroad this year.
Belarussian President Alexander Lukashenko has not openly supported Moscow's recent actions in Ukraine, but he has said that the annexed Crimea peninsula is "de-facto Russian territory".
Earlier on Thursday, Lukashenko signalled to Russian potash producer Uralkali that he was interested in ending a nine-month dispute that has hurt both sides.
|March, 19, 08:19:00|
|March, 19, 08:15:00|
|March, 19, 08:10:00|
|March, 19, 08:05:00|
|March, 19, 08:00:00|
|March, 18, 11:45:00|
PENNENERGY - The Trump administration accused Russia on Thursday of a concerted, ongoing operation to hack and spy on the U.S. energy grid and other critical infrastructure, and separately imposed sanctions on Russian officials for alleged high-tech interference in the 2016 American presidential election.
IAEA - IAEA Director General Yukiya Amano commended efforts by Pakistan to increase nuclear safety and security as the country works to triple its nuclear power capacity. Prime Minister Shahid Khaqan Abbasi commended the IAEA for the support provided to Pakistan in the use of peaceful nuclear applications. Pakistan “was ready to further strengthen its partnership with the IAEA and contribute towards the achievement of the Sustainable Development Goals worldwide,” the Prime Minister said.
PLATTS - "The increase in competition induced new practices in the market that resulted in imports returning to normal," Petrobras' Jorge Celestino said during a presentation of the company's 2017 financial results.
PLATTS - The objective of this program is to increase its domestic refinery utilization rates to 90% from current levels of 10-20%, Kragha said speaking to Platts in Cape Town on the sidelines of the African Refiner Association conference.