Russia, Venezuela step up oil cooperation
Russia, Venezuela step up oil cooperation
08:55, February 01, 2010 
Email | Print | Subscribe | Comments | Forum 
High-ranking officials from Russia and Venezuela on Sunday discussed oil cooperation and export of Russian cars to the Latin American country, Russian news agency reported.
Russian Deputy Premier Igor Sechin and Venezuelan Oil and Energy Minister Rafael Ramirez held talks in Moscow over the operation of the Russian National Oil Consortium in Venezuela, the reports said.
They also agreed on the delivery of Russian vehicles to Venezuela and touched upon financial cooperation.
Under an energy deal clinched during Venezuelan President Hugo Chavez's visit to Moscow in September 2009, Venezuela's state oil company, PDVSA, and a consortium of major Russian producers are to establish a joint venture to develop the Junin-6 field in Venezuela's Orinoco crude belt, which has estimated reserves of 235 billion barrels of heavy oil.
The National Oil Consortium, formed in 2008, comprises oil giant Rosneft, state gas monopoly Gazprom, Lukoil, TNK-BP and Surgutneftegaz.
Source: Xinhua
Russian Deputy Premier Igor Sechin and Venezuelan Oil and Energy Minister Rafael Ramirez held talks in Moscow over the operation of the Russian National Oil Consortium in Venezuela, the reports said.
They also agreed on the delivery of Russian vehicles to Venezuela and touched upon financial cooperation.
Under an energy deal clinched during Venezuelan President Hugo Chavez's visit to Moscow in September 2009, Venezuela's state oil company, PDVSA, and a consortium of major Russian producers are to establish a joint venture to develop the Junin-6 field in Venezuela's Orinoco crude belt, which has estimated reserves of 235 billion barrels of heavy oil.
The National Oil Consortium, formed in 2008, comprises oil giant Rosneft, state gas monopoly Gazprom, Lukoil, TNK-BP and Surgutneftegaz.
Source: Xinhua
Special Coverage
Major headlines
Editor's Pick
Most Popular
Hot Forum Dicussion
