ESPACIO PUBLICITARIO
CARACAS, Tuesday January 29, 2013 | Update
 
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HYDROCARBONS

Venezuela signs new oil cooperation agreements with Russia

Two memoranda of understanding were initialed. The first one aims at the development of offshore oil projects in the Gulf of Paria, whereas the second one involves development of offshore gas areas in Río Caribe and Mejillones

EL UNIVERSAL
Tuesday January 29, 2013  05:23 PM

Rafael Ramírez, the president of Venezuela's state-run oil company Pdvsa, said new energy cooperation agreements have been entered into by Venezuelan and Russia.

After a meeting with Russian state-run company Rosneft, two memoranda of understanding were signed. The first one aims at the development of offshore oil projects in the Gulf of Paria (northeast Venezuela), whereas the second one intends to develop offshore gas areas in Río Caribe and Mejillones, northeast.

An additional instrument was initialed for the construction of joint ventures in the area of services. The agreement includes a drills supply agreement across the country.
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The rock of discord

A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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