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  Tuesday, November 19, 2019
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Russia and Venezuela signed on Friday two documents on energy cooperation
Russia and Venezuela signed on Friday two documents on energy cooperation following a meeting of the countries' presidents.

Russian energy giant Gazprom's CEO, Alexei Miller, and Venezuela's energy and petroleum minister and PDVSA company president, Rafael Ramirez, signed a memorandum of understanding on possible cooperation between the companies.

Meanwhile, Russian Energy Minister Sergei Shmatko and Ramirez signed a memorandum of understanding on developing a special additional intergovernmental agreement in the energy sphere.

Venezuelan President Hugo Chavez said on Friday that Russia and Venezuela were considering creating a joint oil and natural gas consortium.

Meeting with Russian President Dmitry Medvedev in the Urals city of Orenburg, Chavez said: "A whole series of important issues have arisen - the creation of a Russian-Venezuelan bank, and your and [Prime Minister Vladimir] Putin's proposals to set up a PDVSA-Gazprom oil and gas consortium."

Medvedev said earlier Friday at the meeting that the two countries would sign on Friday a number of important agreements on cooperation, including of an economic and military nature.

"We... will sign a number of agreements strengthening our cooperation, which is very versatile. I am speaking of economic cooperation and military cooperation," Medvedev said.


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