On 18 October Ukrainian President Victor Yanukovych met with his Venezuelen counterpart Hugo Chavez to discuss energy co-operation. The two leaders signed an agreement opening Venezuelan oil and gas fields for development by Ukraine’s state-owned energy companies, and confirmed Kiev would act as transit route for Venezuelan oil shipped to Belarus, the neurope.eu reported.
“President Hugo Chavez and I have agreed that Ukraine will start oil and gas extraction in Venezuela,” Ukrainian President Viktor Yanukovych said at a meeting with his Venezuelan counterpart in Kiev. Yanukovych and Chavez prior to the signing met in one-on-one talks for 45 minutes longer than scheduled, according to a Ukrainian government statement.
Over the weekend, Chavez met with Belarusian President Alexander Lukashenko and signed an oil agreement. The deal will see Venezuelan crude transported to the landlocked former Soviet republic via a pipeline running across Ukraine from the Black Sea.
The Ukrainian pipeline, terminating in the Black Sea port Yuzhny, would give Belarus for the first time an alternative to importing oil from Russia, and once operational would bring Ukraine’s cash-strapped energy sector income from the oil transfer fees. “This (the shipment of Venezuelan oil to Belarus via a Ukrainian pipeline) is not against Russia’s interests,” Yanukovych said.








