BELARUS NEWS AND ANALYSIS

DATE:

18/10/2010

Chavez promises to supply Belarus with oil

By OGJ editors

HOUSTON, Oct. 18 -- Venezuelan President Hugo Chavez has promised to supply Belarus with 30 million tonnes of oil over 3 years starting in 2011, reports Radio Free Europe/Radio Liberty.

Chavez met with Belarus President Alyaksandr Lukashenka in Minsk, where he was reported to have said, "The refineries of Belarus will not lack petrol for the next 200 years."

Russia, the traditional supplier of oil and gas to Belarus, raised concerns in Europe last June by cutting gas shipments to Belarus in a price dispute and jeopardizing transit volumes. Belarus has cut its oil purchase from Russia in response to new export duties.

Chavez visited Belarus after a stop in Russia. Russian Prime Minister Vladimir Putin urged state-owned Gazprom to reach a deal with Belarus for gas supplies through 2015.

Source:

http://www.pennenergy.com/index/petroleum/display/3430780446/articles/oil-gas-journal/general-interest-2/economics-markets/2010/10/chavez-promises_to.html


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