Source: Belarus seeks Russian oil cos resuming toll processing

MINSK, Jan 28 (PRIME-TASS) -- Belarus expects Russian companies to resume oil processing at Belarusian refineries under a tolling scheme, a government source told PRIME-TASS on Friday.

Russian companies have signed contracts for oil supplies to Belarus in January and February, the source said, adding that toll processing was not expected during this period.

Under a tolling scheme, a producer concludes an agreement to supply a processor with raw material for refining and then collects the refined products.

Russian oil companies halted oil supplies to Belarus on January 1 due to a pricing dispute. Russian oil pipeline monopoly Transneft resumed oil supplies to Belarus on Tuesday.

A source at the Russian Energy Ministry said Russian companies were expected to supply 21.68 million tonnes of oil to Belarus in 2011. A source at an unspecified Russian government agency said the finalized supply contracts were profitable for Russian companies.


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