Middle East Economic Survey

VOL. LIII

No 48

29-Nov-2010

CASPIAN

Belarusian Imports Of Venezuelan Crude May Impact Russian Oil Exports to Europe

Belarus began importing Venezuelan crude oil on 22 November, with a cargo of 45,000 tons being delivered through the Odessa-Brody pipeline. This signaled the first utilization of the Ukrainian pipeline with the flow direction as originally intended in 2001. The Odessa-Brody line has a capacity to carry 12mn tons/year (240,000 b/d) of oil, and was...