Belarus-Venezuela Joint Venture Gets Three Oil Wells

An act of the Venezuelan Oil and Energy Ministry assigning three new oil wells to the Belarusian-Venezuelan joint oil extraction venture, Petrolera BeloVenesolana, has been signed in Minsk.

The correspondent of Interfax-West reported that the document was signed by Venezuelan Oil and Energy Minister Rafael Ramirez following the meeting with Belarusian First Deputy Prime Minister Uladzimir Syamashka and a presidential envoy for special missions, Viktar Sheyman.

Memorandums on joint development of a gas project in Venezuela and on intentions to create a joint venture for services in the oil industry were also signed.

The document was signed by the director-general of the Belarusian state oil company Belarusnafta, Alyaksandr Lyakhaw, and Rafael Ramirez.

They also signed an agreement on technological cooperation between Belarusnafta and Venezuelan science and research organization INTVEP.

BBC Monitoring. Copyright BBC.