Belarus hopes for ‘integration Prize’ when selling its assets

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April 22, 2016 18:45

Belarus has announced conditions for the sale of shares in Mozyr oil refinery.

Their value has been assessed at USD 4 bln, and the buyer will provide guarantees of oil supplies to Belarus for 10 years. Belarus has inflated its conditions many-fold. The conditions put forward have meant to limit the range of potential buyers and imply an invitation to start negotiations. Privatisation (GrodnoAzot, MTS, Mozyr Oil Refinery) under the announced conditions is unlikely, but some ‘integration prize’ for the assets is feasible. Negotiations will intensify closer to the date Belarus is supposed to sign the oil supply agreement for H2 2014.

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