ASSESSMENTS

Belarus Looks Away From Russia to Venezuela for Oil Supplies

Nov 17, 2010 | 15:34 GMT

VASILY FEDOSENKO/AFP/Getty Images

Summary

Belarus and Ukraine will soon begin joint tests to see if the Odessa-Brody pipeline, which currently ships Russian oil south to the Black Sea, can be reversed to flow to Belarus. In an attempt to diversify its energy supplies away from Russia, Belarus has made energy deals with Venezuela. All of the oil Belarus has received from Venezuela has been shipped to ports in Ukraine and the Baltics and then moved via truck and rail. If Belarus begins transiting its Venezuelan oil through pipelines, Russia will have a greater opportunity to intervene if it deems necessary.

Belarus is taking new steps to diversify its oil supplies away from Russia, but Russia still holds a great deal of leverage in the Belarusian energy sector. (With STRATFOR map)...

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