Russian experts from National Energy Security Fund state that profitability of oil supplies from Venezuela to Belarus looks pretty doubtful. According to the analyst, Igor Yushkov, if Hugo Chavez "supplies oil for free, and Belarus pays only for transit, then this project will be profitable".
The expert notes that the emergence of information about the price of Ukrainian transit have not clarified the issue of calculating the cost of Venezuelan oil to Belarus, IA Regnum-Belarus informs.
«The emergence of information on the price of Ukrainian transit, for sure, somehow corrects the data, but initially we should be based on the selling price. Venezuela has not announced the cost of oil it sells to Belarusians. We know that Hugo Chavez sets the price in fact by his personal decision, and for many countries, such as Cuba and Nicaragua, part of Venezuelan oil is supplied for free», Igor Yushkov said.
The final price, according to analysts, will be known only when Belarus refines trial consignment of Venezuelan oil, which now arrives to Mozyr oil refinery. In addition, it will be affected by the possible Ukraine’s provision of Odessa-Brody pipeline to transport this oil, but this is unlikely to happen, expert believes.
