Saturday, September 27, 2008

Money to money, oil to oil

Russia and Venezuela have discussed the possible creation of a joint bank and an oil and gas consortium between the two countries’ energy giants PDVSA and Gazprom. The statement came during the meeting of presidents Dmitry Medvedev and Hugo Chaves in Russia’s Orenburg. Following the talks, the head of Gazprom Aleksey Miller and Venezuela’s Energy Minister PDVSA president signed a mutually understanding memorandum and a document setting possible areas of co-operation between the countries. Russia Today...

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