EL UNIVERSAL
CARACAS, Tuesday November 03, 2009 | Update
Gazprom reportedly finds huge gas deposit in Venezuela
Energy
Venezuela's Minister of Energy and Petroleum Rafael Ramírez said Thursday that a joint gas exploration project with Russia's Gazprom would have the same potential as the massive gas field discovered in Venezuela by Spanish oil company Repsol.
Repsol reported two months ago a huge natural gas discovery with estimated reserves of up to 8 trillion cubic feet of gas, Reuters said.
Ramírez added that Venezuela will receive bids later this year for the Mariscal Sucre offshore gas project.
Further, the official reminded that Venezuela will pay an initial contribution of USD 300 million for its participation in a joint oil refinery in the Brazilian state of Pernambuco.
On the Cover
IISS: The FARC financed Chávez before 1999
10:07 AM. DIPLOMACY. Admired by the Colombian guerrilla after his coup attempt in 1992, the then lieutenant colonel Hugo Chávez Frías received financial support by the Colombian Revolutionary Armed Forces (FARC) for his projects after his capture that year. This mostly explains the relationship and "debt" between the parties, as revealed by a paper of the International Institute for Strategic Studies (IISS) of the United Kingdom.
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