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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This is all there is

A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.

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