18 Jan 2011 18:02

Belarusian Oil Company confirms contracts with Europe honored

MINSK. Jan 18 (Interfax) - The Belarusian Oil Company, BNK, said all contracts for exporting petroleum products to Western consumers are being fully honored.

"We have no information indicating that shipments of petroleum products are failing or have been suspended," BNK spokesman Andrei Sinitsa told Interfax.

The management of the Mozyr Oil Refinery has confirmed, too, that contracts to ship petroleum products to the European Union are being strictly observed.

"The volumes agreed are being shipped," the Belneftekhim concern said. But it said that its official statement on earlier reports will be released later.

Media reports earlier claimed that Belarus suspended shipments of diesel fuel to Western European consumers on January 17, 2011 over the long-drawn out talks between Belarus and Russia on the price of duty-free oil for 2011.