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.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs