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Belarus and Russia have finalized the terms for the functioning of the oil refining sector for the medium term, Belarusian Prime Minister Aleksandr Turchin told the media following his report to Belarusian President Aleksandr Lukashenko on 15 October, BelTA has learned.

Belarusian President Aleksandr Lukashenko held three working meetings on 2 October, which were largely closed-door. The agenda covered several critical issues, including the defense industry, cooperation with African nations, and oil refining, BelTA learned from the presidential press service.

The Belarusian State Concern for Oil and Chemistry (Belneftekhim Concern) has observed an increase in demand from Russian buyers for oil products refined in Belarus, BelTA learned from the concern.

During a visit to a seismic exploration camp in Rechitsa District, Piotr Povzhik, Deputy Director General for Geology at Belorusneft, outlined the company’s seismic exploration plans for 2025, BelTA has learned.

Union State MPs will meet in Khanty-Mansiysk on June 6 to discuss unified oil markets, import substitution in the oil and gas sector, and cooperation between Belarusian and Russian enterprises.

Meeting the energy needs of the EAEU member states is the priority and the basis of the emerging common market of oil and petroleum products. The common market to be launched in 2027 is about energy security, equal access to resources and economic benefits, Deputy Chairman of the Belarusian State Concern for Oil and Chemistry Belneftekhim Vladimir Sizov said in an interview with the First News TV channel, BelTA informs.