BELARUS NEWS AND ANALYSIS

DATE:

31/05/2006

Belarus, Lukoil form joint oil venture

MINSK, Russia, May 31 (UPI) -- Belarus President Alexander Lukashenko met Monday with head of Russia's Lukoil to boost cooperation on several energy projects.

Lukashenko held meetings with Lukoil chief Vagit Alekperov to discuss increasing cooperation and implementing several projects this January. The two parties have agreed to plan a joint venture for the production of additives to engine oils, Belarusian television reported.

Lukoil has become one of the biggest buyers of Belarusian mechanical engineering products. Alekperov said that new frontiers were being shaped and that both Belarus and the Russian oil company have many common interests.

Source:

http://www.upi.com/Energy/view.php?StoryID=20060530-020725-6842r