Bloomberg News

Russia Plans to Restore Oil Shipments to Belarus to 2009 Levels

December 06, 2011

Dec. 6 (Bloomberg) -- Russia, the world’s largest crude producer, plans to restore oil exports to Belarus next year to 2009 levels.

Shipments will rise to 21 million metric tons, or 422,000 barrels a day, in 2012, an official at Russia’s Energy Ministry said today, declining to be identified in line with policy. Russia exported 361,000 barrels a day to Belarus from January to November this year, according to preliminary data from the ministry’s CDU-TEK unit.

A dispute over crude export duties between the countries led to a drop in shipments this year and last.

--Editors: Rachel Graham, John Buckley

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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