BELARUS NEWS AND ANALYSIS

DATE:

18/03/2010

Venezuela, Belarus sign over 20 economic cooperation documents

CARACAS, March 18 (Itar-Tass) -- Venezuela and Belarus on Wednesday signed more than 20 joint documents on further development of bilateral trade and economic cooperation.

Standing out among them is a contract specifying the terms of supplying 80,000 barrels Venezuelan oil to Belarus, under which it will be transported via the seaport of Odessa. After processing at Belarusian oil refineries, petrol products will be sold in Europe.

"We are beginning with 80,000 barrels of oil, but we will raise it 100,000 barrels and more in the future in order to provide Belarus with everything it needs," Venezuelan President Hugo Chavez said at the signing ceremony.

He described the fist oil supplies to Belarus to begin in May as "a historic event".

"This agreement is not for one day but for all times," he said.

Source:

http://www.itar-tass.com/eng/level2.html?NewsID=14929527&PageNum=0


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