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Chavez meets Russian energy supremo

October 07, 2011, 8:43 UTC+3
Chavez proposed to consider creating an international organization of four-five giant oil producing nations, including Venezuela and Russia
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CARACAS, October 7 (Itar-Tass) — Venezuela’s President Hugo Chavez met late on Thursday visiting Russian Deputy Prime Minister Igor Sechin in charge of energy projects.

Earlier in the day Chavez had a TV link-up with Sechin who visited the Hunin-6 block in the Orinoco oil belt. The National Oil Consortium comprising Russian oil majors Lukoil, TNK-BP, Rosneft, Gazprom Neft and Surgutneftegas, and Petroleos de Venezuela set up the PetroMiranda joint venture in 2010 to develop Hunin-6.

“It is very important for you to see the Orinoco oil belt with your own eyes. Its wealth belongs to the people of Venezuela and helps them abandon hunger and poverty,” Chavez said.

Sechin said PetroMiranda in 18 months of its existence hired skilled personnel and obtained all the necessary permissions. “As a result physical work to implement the project has actually begun at the field. In December we shall begin drilling and I am convinced we shall produce the first oil in May next year if we stick to the approved schedule,” he said.

Chavez proposed to consider creating an international organization of four-five giant oil producing nations, including Venezuela and Russia, but said it would not rival OPEC.

 

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