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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One crisis, two visions

A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.

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