BELARUS NEWS AND ANALYSIS
DATE:
05/12/2007
Venezuela, Belarus: Joint Venture On Oil
A joint venture between Venezuela and Belarus could produce about 1 million metric tons of oil in 2008, RIA Novosti reported Dec. 5, citing Belarusian First Deputy Prime Minister Vladimir Semashko. A joint venture for prospecting seismology is to begin work in December, he said. Belarus' state-owned petrochemical company Belneftekhim, which refines mainly Russian crude, plans to start producing and refining oil in Venezuela for sale to Latin American markets, according to the report.
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