BELARUS NEWS AND ANALYSIS
DATE:
23/03/2011
Minsk Negotiating for Lower Russian Crude Prices
The Belarusian state concern Belneftekhim is conducting negotiations to lower the prices of crude supplied by Russian oil companies, the comapny's press secretary Marina Kostyuchenko said on March 21.
Kostyuchenko said that in 2011, Russian crude was being supplied to Belarus on the basis of a long-term contract signed at the end of January 2011. She added that current contracts were being signed with the owners of Russian crude.
"The long-term contract envisions adjusting price parameters for crude supplies based on the previous month until the 10th of the next month and mutual compensation for the difference between the preliminary and final prices and this was done in February", Kostyuchenko said.
Source:
http://www.oilandgaseurasia.com/news/p/0/news/10878
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