Ukraine and Belarus agree on terms for Venezuelan oil transit

By Monica Lawrence

MINSK, BELARUS (BNO NEWS) - Belarus and Ukraine reached an agreement on Thursday for the rail transit of Venezuelan oil as well as on the transport rates, RIA Novosti news agency reported.

Venezuelan oil is currently delivered by tankers to the Odessa port in Ukraine. From there, it is transported by railroad through both countries. Belarus agreed to pay Ukraine $0.27 for transporting one ton of oil per 10 kilometers.

"A Belarusian-Ukrainian intergovernmental agreement in accordance with which Venezuelan oil will be transported via Belarusian and Ukrainian territories on through rates was recently concluded," Anatoly Sivak, head of Belarus Railways, said.

In mid-July, Venezuela and Belarus launched a joint venture to organize the delivery of Venezuelan oil to the ex-Soviet Union country. Both nations agreed on the supplies of oil shortly after Belarus' dispute over oil supplies with Russia.

Belarus plans to buy 4 million metric tons of Venezuelan oil in 2010 and 10 million metric tons in 2011.


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