Belarus has reached an agreement with Russia for limited oil supplies after Moscow earlier this week stopped supplying crude amid stalled talks on strengthening economic ties between the neighbouring countries.
Belarusian state-run oil company Belneftekhim, said Saturday it was in the process of finalizing an agreement with a Russian oil company for a batch of crude oil sufficient to ensure “non-stop operation of the country’s refineries in January 2020”.
Russian pipeline operator Transneft confirmed it would transfer 133,000 tons of oil to Belarus “in the nearest future”.
According to a statement from Belneftekhim, the oil would come at a discounted price while negotiations for resuming regular imports continue.
