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Wednesday, February 22, 2017

Time :   2/17/2017 3:56:48 PM News Code : 42052

Belarus purchases first ever oil cargo from Iran
Shabestan news agency:Reuters reported that Belarus’s Bel Oil had purchased 80,000 tons – equal to 600,000 barrels – of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in February.

Bel Oil is expected to ship the Iranian crude oil to either the Black Sea port of Odessa or the Baltic port of Ventspils for rail transportation to Belarus, the report added. The logistics for this are yet to be agreed.

Reuters further added that a vessel would be loaded from Iran’s Kharg Island on February 20. 

Belarus’ reported purchase of oil from Iran comes as the country is trying to look for alternative crude oil supplies after Russia cut exports to the country in 2016 over a gas price row between the two countries.

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