EL UNIVERSAL
CARACAS, Wednesday March 03, 2010 | Update
Venezuela, Belarus search for new oil reserves in Venezuela
Energy
State-run oil company Petróleos deVenezuela (Pdvsa), in association with a Belarus company, is searching for new fields for the production of hydrocarbons in an area of 1,930.5 square miles in the state of Apure, southwestern Venezuela, Pdvsa reported in a statement.
The project is part of the agreements signed between Venezuela and Belarus, under which the Eastern European country provides "technical and technological support to Venezuela for energy and oil projects," AFP reported.
A group of Belarusian experts in drilling and surveying is analyzing the seismic data to demarcate the area and prepare the exploration of new reserves in this region.
The plan will generate 600 direct jobs and 1,200 indirect jobs, Pdvsa said.
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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