If a reliable partner can be found

Venezuelan companies could buy shares in Belarusian oil refineries

“Just like any other country, Venezuela can be a shareholder in the oil refineries of Belarus; it depends on the terms they offer,” notes Belarus’ First Deputy Prime Minister, Vladimir Semashko. The Russians possess a 41.6 percent share in Mozyr Oil Refinery, while the state still owns all of Naftan. Mr. Semashko explains that Belarus expects an investor to boast adequate funds, raw materials and sales markets. “We adopt a careful attitude to corporatisation and selling of our enterprises, seeking a reliable partner,” he says.

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