Bylined to: Patrick J. O'Donoghue
VHeadline News Editor Patrick J. O'Donoghue reports: The Venezuelan Ambassador in Belarus, Americo Diaz Nunez has caused a minor upset among Belarus journalists by refusing to release financial details of Venezuela's oil deal with Belarus.
According a report in the BelaPan English website, the Ambassador highlighted an agreement between the two governments to supply Belarus with 10 million tonnes of crude oil in 2011. He confirmed that Belarus receives Venezuelan oil supplies on favorable terms, like other countries and that it is Belarus which decided at which port oil supplies should arrive.
The Petrolera BeloVenezolana oil joint venture, Diaz Nunez stated, extracts oil from older oil fields in Zulia and newer ones in Anzoategui State. The company has been given permission to explore for natural gas and oil.
When asked for the actual trading price of Venezuela's oil, the Ambassador replied that it was a commercial secret that would be released at some date. The deal, he stressed, is advantageous to both countries and neither was losing money he said in answer to reporters' grilling on the matter.
The Ambassador confirmed that a delegation from Petroleos de Venezuela (PDVSA) visited Belarus recently to research the possibility of setting up another joint venture to sell petroleum products.
Belarus is sending Venezuela tractors and agricultural machinery and engaged in building an agricultural city in Venezuela's Barinas State.