Venezuela and Russia Form JV To Explore For Oil
March 18th, 2009

Courtesy of The International Herald Tribune, a report detailing the plans for Venezuela and Russia to form a joint company to work together on oil projects.  As the article notes:

“…Venezuelan President Hugo Chavez called the formation of a Russian-Venezuelan energy company an important step. He said it will “open operations not only in Venezuela, but also throughout the world.”

….It will be made up of a consortium of Russian companies and Venezuela’s state-run oil company, Petroleos de Venezuela SA. The new company will be involved in extracting heavy crude in Venezuela’s largely untapped Orinoco River basin.”


This entry was posted on Wednesday, March 18th, 2009 at 9:34 am and is filed under China, Petróleos de Venezuela, Venezuela.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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