Belarusian government delegation is visiting Venezuela to negotiate the set-up of a joint oil venture. The initial agreement was reached during July visit of Venezuelan President Hugo Chavez to Minsk.
The deputy director for oil and gas of the Belarusian state company Belgeologia Yaroslav Gribik told Interfax on Monday, Sept. 4, that Belarus is considering "cooperation with Venezuelan oil companies". 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 Unites States. The profits would help to develop Belarusian oil refineries," the official said.
He added that Belarus views Venezuela as a gateway to the Latin American market. Gribik also said that the survey and assessment of oil blocs as well as the design and construction of oilrigs are all promising areas for his country.