Oil supplies to Belarus may resume by Tue-Transneft

MOSCOW Jan 13 (Reuters) - Russian oil deliveries to Belarus will likely resume by Tuesday, with the two sides currently locked in intense price talks, the head of Russian oil pipeline monopoly Transneft TRNP_p.MM said on Thursday.

"I think that by the end of the week the talks will be completed, prices agreed, and by Monday or Tuesday oil shipments to Belarus will take place," Nikolai Tokarev told reporters.

He added that he was sure the dispute with Minsk would not affect oil supplies to other countries, but added that Russia had considered other back up options for its crude shipments, including via Primorsk and Novorossiisk.

Transneft, which saw profits rise 18 percent in 2010, expects that Russian oil output will rise by 2.5 million tonnes this year, Tokarev said.

(Reporting by Volodya Soldatkin; Writing by Toni Vorobyova; Editing by Jessica Bachman)


Partners: Social Network