Moscow Downgrades Belarus Oil Supply Cuts
- Sep. 26 2013 00:00
- Last edited 21:57
Moscow for a second time has scaled back its threatened cuts in oil supplies to Belarus amid a row over the arrest of a Russian potash executive, agreeing to restore some volumes that it had planned to divert elsewhere.
Russia will increase oil supplies to Belarus by 95,000 ton in the last week of September, although total volumes for the month will still be down from the original plan, a spokesman for oil pipeline monopoly Transneft said Tuesday.
He said Russia was sticking to its plan to cut oil supplies to Belarus in the fourth quarter by 42 percent to 3.1 million tones. Transneft does not give a breakdown of monthly volumes.