BELARUS NEWS AND ANALYSIS

DATE:

08/01/2007

Oil Wars: Russia vs. Belarus and Europe.

Europe could face oil shortage due to Belarus and Russia dispute over oil prices. So called "Drujba" ( Rus. Friendship) oil pipe become subject to trade war.

European countries report oil shortage on the oil pipe coming from Belarus. According to Poland officials they will seek reimbursements for the shortage.

Current dispute at the oil pipe "Drujba" (rus. Friendship) Russian oil pipe that transits oil from Russia thought Belarus into Poland and Germany could aggravate Western Europe oil supply.

In a statement Russian oil company Transneft blame official Minsk in illegal oil draw. In the recent interview to NTV Semen Vainshtok called Belarus to keep international agreements and standards. It is looks like trade war said Russian Minister of Trade and Development Andrey Sharonov. Recently Belarus imposed tariff on Russian oil in the wake of Russians to attempt to increase oil prices for Belarus.

Belarus is nuber one strategic trade partner with Russia often called "assembly line" , as Belarus produces machinery and heavy equipment for Russian Federation.

Vladimir Dubchak

Source:

http://www.huliq.com/5185/oil-wars-russia-vs-belarus-and-europe