27 january 2010

Deputy Prime Minister Igor Sechin and Belarusian First Deputy Prime Minister Vladimir Semashko hold final round of negotiations on duty-free Russian oil for Belarus

The following agreements were signed as a result of the negotiations:

- A protocol amending the January 12, 2007 Agreement between the Government of the Russian Federation and the Government of the Republic of Belarus, which regulated trade and economic cooperation to ensure the export of oil and refined oil products;
- A register of the balance of oil reserves of the Union State of Belarus and Russia for 2010;
- A method (mechanism) for calculating tariffs on oil transportation (transit) services through major pipelines in the Republic of Belarus.

Deputy Prime Minister Sechin's remarks at the signing ceremony:

First of all, I would like to welcome our guests once again, including all the members of the Belarusian delegation headed by First Deputy Prime Minister Vladimir Semashko, as well as Belarusian Ambassador Vasily Dolgolev. I would also like to thank them for their hard work and constructive approach during the negotiations.

After a series of meetings, today we were able to reach an agreement on and sign a number of documents for providing duty-free oil in 2010. These include a variety of documents, including a document determining the register of the balance of oil reserves and a method for calculating tariffs. In addition, Mr Semashko and I will issue pertinent directives to work out other issues regarding our cooperation in the fuel and energy industry. We will soon begin addressing a whole range of issues affecting our work together in this area, including in the gas and nuclear energy industries.

Mr Semashko, I would like to express my gratitude again for what we have accomplished during our meetings in Russia.

I would like to add that Russian analysts and government officers didn't take holidays or days off and worked on a very tight schedule. As a result, we managed to bring this work to its logical conclusion.

Belarus adopted a very tough position, but we reached a series of compromises, taking into account our special relations with this fraternal republic and its people.

The documents appear to be level-headed and reach acceptable compromises, and are accompanied by our joint statement on guaranteed, uninterrupted transit, which European consumers expect from us.

We are aware of our responsibility in this area, and are happy that this solution contributes to ensuring the stable supply of oil. This is very important.