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News Belarus to receive $900 mln from oil output in Venezuela in 2008
Belarus will receive around $900 million from oil production in Venezuela next year, the Belarusian foreign minister said on Monday. During Belarusian President Alexander Lukashenko's visit to the oil-rich Latin American country on December 7-8, Belarus and Venezuela launched a joint oil venture expected to produce up to 7 million metric tons (51 million barrels) of crude annually. Belarus will own 60% and Venezuela 40% of the joint venture's output. "Belarus will produce about 900,000 metric tons [6.6 million barrels] of oil in 2008 at two deposits in Venezuela. In the next two years, oil output will increase to 2 million metric tons [14.65 million barrels) of oil per year," Sergei Martynov said. The Belarusian diplomat said oil produced by Belarus in Venezuela would be sold on local markets while the ex-Soviet republic would use oil sale proceeds to purchase crude in regions close to its borders. The outspoken Venezuelan leader Hugo Chavez visited the ex-Soviet state last July, subsequently announcing that he and President Lukashenko, both fierce critics of the United States, had established a "strategic alliance" to counter "hegemonic" capitalism. RIA Novost Back to "All news" | Print version 10.05.2024LLC Kalina is engaged in the production of dietary supplements, processing of medicinal plants. 10.05.2024LLC Kalina is engaged in the production of dietary supplements, processing of medicinal plants. 09.05.2024UE «Vitebskoblgas» PD «Vitebsktorf» The Republic of Belarus 09.05.2024Belarusian State Medical University is the leading higher medical educational institution of the Republic of Belarus 08.05.2024Cambridge Teaching Method Info centerAbout UsFAQ / HelpPartnersContactsBusiness NewsPress ReleasesTrade ShowsLegal informationServices
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