Russia will produce oil in Venezuela

Powered by oil-producing joint venture between Russia and Venezuela


December 8 memorandum was signed between Russia and Venezuela joint venture in oil.

Signatures to this agreement have set Hudaynatov Edward, head of the oil company "Rosneft", and Rafael Ramirez, Venezuela's Minister of profile.

Recall that a number of Russian companies, including the "Rosneft", involved in projects for the development of oil and gas Orinoco belt (Venezuela), containing the world's largest reserves of extra-heavy and heavy oil.

Between the Russian core fund and Venezuelan Ministry of Housing signed a contract for the construction in the country of more than 30,000 homes.

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