Thursday, July 24, 2008

Oil: Venezuela signs over three oil fields to Belarus

Venezuela has signed over three more oil fields to a joint venture with Belarus. Venezuelan President Hugo Chavez declared the two nations were strongly united in their resistance to "U.S. imperialism" and Washington's "lackeys."

AP reports the fields were signed over after Chavez met President Alexander Lukashenko, the hard-line leader of the ex-Soviet state whom the United States has called Europe's last dictator.

The joint venture was established last year with Chavez promising to supply Belarus' oil needs for the next century as a sign of solidarity. Belarus relies on Russia for oil, but has troubled relations with Moscow.
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