Belarussian governmental delegation visits Venezuela

MINSK. Sept 4 (Interfax) - A Belarussian governmental delegation is paying an official visit to Venezuela to implement the accords reached during the Minsk visit of Venezuelan President Hugo Chavez, a source in the governmental press service told Interfax.

Belarus is ready to set up an oil joint venture in Venezuela, Belarussian Security Council State Secretary Viktor Sheiman told the press after the July visit of a Venezuelan delegation.

Belarus is considering "cooperation with Venezuelan oil companies in the production of oil," Belgeologia Deputy Director for Oil and Gas Yaroslav Gribik told Interfax.

Belarus is ready to develop oil fields in Venezuela on concessionary terms and to sell the oil to the United States. "If Belarus manages to secure a position on the Venezuelan oil market, we could produce oil and sell it to the United States. The profits would help to develop Belarusian oil refineries," he said.

The survey and assessment of oil blocs, and the design and construction of oilrigs are promising areas for Belarus, he said.

Belarus views Venezuela as a gateway to the Latin American market, he said.