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21

Belaru, Iran to Jointly Develp oil Deposits

Belarus state oil company and Iran drafted Monday a joint action plan for oil sector cooperation

Belarus state oil company and Iran drafted Monday a joint action plan for oil sector cooperation.

"During an official visit by a Belarusian delegation to Iran, we prepared a joint plan to cooperate with Iranian oil companies," the spokesman of Belarusneft said.

He said the joint development of oil deposits in Iran held the greatest promise.

Belorusneft explores and develops oil deposits, drills oil wells, and produces oil and natural gas. In the first 10 months of 2006, Belarus produced 1.5 million tons of oil (11.02 million barrels).

Earlier Monday, Iran also offered to cooperate with Russian energy giant Gazprom on the joint development of Iranian deposits.