|Belarus will send a delegation to Russia on Saturday in the latest attempt to settle a dispute over oil fees that has raised European concerns of possible disruptions to crude flows, the Belarussian government said.
The dispute between the ex-Soviet states briefly cut oil supplies to Belarussian refineries this month and helped to push U.S. crude to the highest close in 15 months on Tuesday. Transit supplies to Europe have so far survived unscathed.
The Belarussian government said in a statement on Friday that First Deputy Prime Minister Vladimir Semashko willl lead the delegation to Moscow for the next round of talks over the weekend.
"The delegation ... is heading to Moscow to continue talks on the terms for Russian oil supply to Belarus," the government said. It added that Russia's foremost energy official, Deputy Prime Minister Igor Sechin, had extended the invitation.
Two days of talks failed earlier this week, leaving tensions high. The dispute centres on the size of the export duty that Belarus should pay to Russia for crude oil supplies which are then refined and exported to the West.