BELARUS NEWS AND ANALYSIS
DATE:
17/01/2011
Belarus inks agreement to transport oil via Odessa-Brody pipe
KIEV, Jan 17 (PRIME-TASS) -- Belarus on Monday signed an agreement to transport 4 million tonnes of oil per year through Ukraine's Odessa-Brody pipeline in 2011-2012.
Oil supplies may rise to 8 million tonnes per year in the future. Financial details of the deal were not disclosed.
The Odessa-Brody pipeline, built in 2002, was initially designed to pipe Caspian oil to Europe. However, Ukraine failed to obtain sufficient supplies of Caspian oil and had to start pumping Russian oil to the Black Sea in reverse mode in 2004. Ukraine has since sought to switch the pipeline to its originally intended direction.
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