The documents formalize the arrangements reached in 2014 by the presidents of Belarus and Russia on cooperation in the oil sector. According to them, all duties on the export of oil products made of Russian oil by the Belarusian refineries are transferred to the budget of Belarus. This order will remain in effect until 2024.
The Belarusian economy minister thanked the Chinese side for the technical-economic support to Belarus. “A clearly-built mechanism, flexible approach of the parties to the implementation of projects in this area generates an atmosphere of trustful comprehensive strategic partnership,” he stressed.
According to the diplomat, Belarus has adopted a policy to enable as favorable conditions as possible for IT companies, remove all the barriers to cutting-edge technologies, and form an innovation ecosystem.
Vladimir Semashko noted that in 2017 OAO Naftan and Mozyr Oil Refinery received 18 million tonnes of Russian oil for processing. This year the figures will be the same, as envisaged in the agreements with Russia.
The Council of Ministers authorized Economy Minister Vladimir Zinovsky to conduct negotiations on the project, sign a loan agreement when the approved project is agreed upon, and seal the documents required to implement the agreement.