BELARUS NEWS AND ANALYSIS

DATE:

12/11/2010

Naftan, Mozyr Refineries See Processing Fall 26 Percent Over Jan-Oct 2010

Refining volumes at the Belarussian refineries Naftan and Mozyr in the first 10 months of 2010 fell 26 percent compared to the same period in 2009, Belstat reports.

According to the government agency, in October this year, primary crude refining dropped 4.8 percent compared to October 2009 and was 1.45 million tons.

In the first 10 months of the year, the refineries produced 2.53 million tons of gasoline (9 percent less than in the first 10 months of 2009), 4.34 million tons of diesel fuel (down 20.6 percent), 3.54 million tons of fuel oil (off 40.4 percent) and 107,830 tons of lubricants (up 5.3 percent).

The drop in production stems from Russian introducing export duties of 70 percent on supplies of crude to Belarus. 6.3 million tons of crude was delivered to the country without duties this year.

The Belarussian government has stated it intends to lower refining this year to 15.8 million tons, which will provide the minimum required level to maintain technical profitability in production. Meanwhile, since October the refineries have been filled to capacity with crude from Venezuela.

Source:

http://www.oilandgaseurasia.com/news/p/0/news/9474


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