Minsk expects joint development of Iranian oil field to proceed moreactively

MINSK. May 12 (Interfax) - Belarus views a joint project with Iran on developing the Jofeir oil field as a strategic one and expects its more active implementation, Belarusian First Deputy Prime Minister Vladimir Semashko said at a meeting with Iranian Central Bank Vice Governor Reza Raei in Minsk on Tuesday.

A similar oil field development project in Venezuela, which was started later than the Iranian one, has already brought about some results, Semashko said.

"We have information that there is certain progress on Jofeir. We should reach an agreement today on how we will work further," Semashko said.

Raei said the issue of the Jofeir oil field development project financing "has been absolutely decided upon," and the project will be financed by the Iranian Central Bank.

Semashko also mentioned a number of other joint projects with Iran that Belarus treats as a priority, among them the construction of a transportation and logistics center near the Minsk international airport by the Iranian construction company Kayson.

Belarus also expects the beginning of the construction of a cement factory in the Gomel region by Iran, he said.



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