Russia and Belarus agree on oil deliveries.

By bne IntelliNews January 29, 2010
As announced by first deputy PM Igor Sechin, Russia and Belarus signed a number of agreements, including amendments to agreement on crude oil deliveries to Belarus, tariffs on the sales of oil and guarantees of uninterrupted supplies and transit of oil from both sides. According to the agreements, 6.3mn tons of oil (for the domestic refining) are going to be delivered to Belarus with no export duty paid for it. At the same time, transit tariff for Russian oil through Belarus is going to increase by 11% to USD 4.3 per ton. To remind, earlier Belarus threatened that should the volume of oil deliveries exempt from export duties not be increased, transit tariffs would be increased by several times. This year Belarus is supposed to buy about 21.5mn tons on oil. In 2007-2009 Belarus would receive Russian oil at an export duty discounted by 35%.

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