Turkish authorities impose media ban on coverage of Istanbul explosionWorld December 11, 3:01
Erdogan says Istanbul terrorist attack causes fatalitiesWorld December 11, 2:52
Istanbul explosions leave 15 dead, 69 wounded — TV channelWorld December 11, 2:38
Three settlements in Syria join cessation of hostilities — Russia’s Defense MinistryWorld December 11, 2:34
TV: Islamic State re-enters ancient city of PalmyraWorld December 10, 21:20
Saudi minister says Russia led consultations process with OPECBusiness & Economy December 10, 20:41
UK foreign secretary says protection of civilians should be 'top priority' in SyriaWorld December 10, 20:31
Non-OPEC states join historic oil cut dealBusiness & Economy December 10, 20:23
Russian diplomat urges Western reporters to be unbiased in war news coverageRussian Politics & Diplomacy December 10, 20:08
CARACAS, May 23 (Itar-Tass) - Russia's Rosneft and Venezuela's PDVSA on Thursday will sign founding documents to set up PetroVictoria, a joint venture to develop the Carabobo 2 field, Rosneft director Igor Sechin told reporters after talks with Venezuelan Foreign Minister Elias Jaua.
The document, approved by Venezuela's National Assembly /parliament/ will be signed at a plant at Jose, in the presence of President Nicolas Maduro. The recoverable reserves of Caraboba 2 are estimated at 700 million tons. Rosneft has a 40-percent stake in the project. According to Sechin, Rosneft is implementing seven projects in Venezuela and plans to expand its presence by taking up new projects, including in the offshore zone.
Russia intends to develop cooperation with Venezuela in the oil and gas sector in other areas, and supply drilling equipment.
Sechin said he had brought Russian President Vladimir Putin's message to Venezuelan leader Nicolas Maduro. In the course of the negotiations on Thursday, the Russian delegation will discuss and specify economic projects ahead of the meeting between the presidents of the two countries.
The Venezuelan diplomat said Venezuelan and Russian officials discussed military cooperation during the meeting on Wednesday. The parties compared notes on supplies of Russian military equipment, Jaua added. Also, they considered bilateral cooperation in banking.