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23:26 22-05-2018
Russia expects guarantees for construction of Turkish Stream in Bulgaria
22:38 22-05-2018
Spanish bank cut prices for real estate by 40%
22:01 22-05-2018
Monaco to spend $2.4 billion on expanding its coastline
21:45 22-05-2018
Ukrainian President called for maximum efforts to stop Nord Stream 2
21:22 22-05-2018
Date of construction of cableway from Russia to China is unveiled
20:53 22-05-2018
Digital technologies in housing construction to be discussed at SPIEF
20:13 22-05-2018
Hi-tech waterpark in form of flying saucer to be built in Caucasus
23:33 21-05-2018
Expert assessed prospects for construction of Bulgarian Stream
22:47 21-05-2018
RDIF to negotiate extending cooperation with Saudi Aramco
22:04 21-05-2018
Belene NPP project in Bulgaria implies Russian participation
21:39 21-05-2018
How the fall in the ruble exchange rate affected housing prices in Russia
21:15 21-05-2018
Housing sales to foreigners in Turkey grew by 25% — including Russians
20:58 21-05-2018
Housing with mortgage at 0% is being built in Russian Far East
20:23 21-05-2018
Why Chinese Tmall rents warehouse near Moscow airport
23:33 18-05-2018
Two T-shaped skyscrapers to be built in southeastern Cyprus
22:59 18-05-2018
Blackstone Fund sells all its Hilton shares for $1.3 billion
22:27 18-05-2018
Mortgage rates in USA reached seven-year high
22:06 18-05-2018
Putin linked US stance on Nord Stream 2 with LNG supplies to Europe
21:52 18-05-2018
Russia and Japan begin to cooperate on “Smart Cities”
21:33 18-05-2018
Innovative international airport in Beijing will be built in 2018
21:01 18-05-2018
South Korean Lotte opens 5-star hotel with panoramic swimming pool in Samara
23:57 17-05-2018
Turkish businessmen to build a waste processing plant in Russian Caucasus
23:15 17-05-2018
Donald Trump tried to persuade Angela Merkel to abandon Nord Stream 2
22:44 17-05-2018
American Hines to build an outlet at Novorizhskoe highway
22:00 17-05-2018
Russia is no longer leader in European rating for mall construction
21:35 17-05-2018
Graffiti of foreign artists on football theme will appear on Luzhniki Stadium
21:13 17-05-2018
Production of modular all-season homes launched in Russian Far East
20:49 17-05-2018
USA may impose sanctions against companies engaged in Nord Stream 2 construction
23:25 16-05-2018
Football fans from Egypt and Saudi Arabia massively book rooms in Volgograd
22:57 16-05-2018
Administrative building in center of Moscow is put up for sale for $885,000
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Belarus strikes deal with Iran on oil purchase

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Belarus strikes deal with Iran on oil purchase

Beloil, a Belarusian oil company, concluded a contract with the national Iranian Oil Company (NIOC) on the purchase of 80,000 tons of crude oil for the country’s oil refineries.


This move follows Russia’s decision to cut volumes of oil supplies to Belarus.

As Reuters reports today, this is the first deal of such kind between the state corporations of the two countries. Delivery of black gold will start over the course of the week, through the seaport in the city of Odessa on the Black Sea or through Baltiyskyi town via railway.

According to experts, at the first, such deliveries will be cheaper for Belarus, than debt repayment totaling $550 million for Russian gas. However, in a short term, Belarus will sustain considerable losses.

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