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Venezuela, Russia Hook Up On Oil

chavez-thugVenezuelan president Hugo Chavez announced during a televised cabinet meeting Tuesday that his country and Russia have created a joint venture to work on oil projects.

The Russian-Venezuelan energy company will “open operations not only in Venezuela, but also throughout the world,” Chavez said.

Venezuela’s state-run oil company, Petroleos de Venezuela SA, and a union of Russian oil companies will work together on extracting heavy crude in Venezuela’s largely untapped Orinoco River basin.

Russian Maj. Gen. Anatoly Zhikharev opened the possibility Monday of having long-range Russian nuclear bombers stationed in Venezuela.

Related posts:

  1. Russia May Place Nuke Bombers In Cuba, Venezuela
  2. “Little Hugo” Axed From Venezuela TV
  3. Chavez Returns To Venezuela
  4. Cuba, Venezuela Link Via Undersea Cable
  5. Russia Eyes Cuba For Oil

Posted in South and Central America, The New Cold War.

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1 comment

By NewsGuy – March 18, 2009

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  1. Russia Eyes Cuba For Oil | The Right Perspective linked to this post on March 18, 2009

    [...] announcement comes on the heels of the creation of a joint oil-exploration company between Russia and Venezuela, and Russia’s possible placement of long-range nuclear bombers in Cuba and [...]

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