Belarus Oil Extraction Industry Outlook 04/2021

Key Market Indicators

Demand for Belarusian crude oil is close to 1.5 million metric tons in April 2021, a slight drop from 1.4 million metric tons in March 2021. The decrease of 0.1% compared to the same time last year marks a 1.7% drop since January 2017. Belarusian crude oil production is set to reach 1.4 million tonnes of oil equivalent by 2026. This is a 0.9% decrease year-on-year on average since 1995 when the total fell by 2.1%. Belarus was ranked 49th in 2021, just behind Peru at 1.49 million tonnes of oil equivalent. Saudi Arabia, the United States and Iraq are ranked 2nd, 3rd and 4th respectively.

Belarus Oil Extraction Market Data and Forecasts

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