Chavez Pledges 200-Year Oil Supply to Belarus

Venezuelan President Hugo Chavez vowed to provide former Soviet Republic of Belarus a steady supply of oil for the next 200 years to boost the capacity of the country’s refineries – the backbone of the Belarusian economy.

During his visit on Saturday, Chavez promised Belarusian President Alexander Lukashenko, whom critics called as the “Europe’s last dictator,” that there would be no shortages in oil supply in the country in the next 200 years.

The Venezuelan dictator, in what appears to be one of his flamboyant gestures, has earlier ordered the shipment of some 80, 000 barrels of heavy crude oil to Belarus to feed the growing demand in its refineries.

Chavez also signed a joint venture agreement with Lukashenko for the development of oil and natural gas projects in Belarus.

The Belarusian dictator, who is facing reelection in December, is now eyeing other markets in the Europe following a rift with Moscow, which has been escalating in the past several years.

Meanwhile, Chavez, who is considered as one of the major threat to globalization and capitalism, is also having talks with his counterparts in Moscow for his plans to develop Venezuela’s first nuclear power plant.

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