Venezuela and Russia Meet Successfully

Petroleos de Venezuela (PDVSA) announced that Venezuela and Russia's fourth meeting of the High-Level Intergovernmental Commission (CIAN) was a success with seven agreements signed. The countries have further strengthened their relationship.

Highlights of the contracts include the study, quantification and certification of the reserves in the Ayacucho 2 Block and the Gaza Petrolifero Orinoco between PDVSA and TNK-BP management.

President of the Bolivarian Republic of Venezuela Hugo Chavez praised Russia for its support, saying the country has been there for Venezuela during its hard times.

"Agreements like these show the great efficiency and achievement that we have obtained to bring our communities and governments closer, relationships necessary and strategic to construct a multi-polar and balanced world," stated Chavez. "The Russians and Venezuelans long for a different world and America."

"Russia has an important role to play in the vision of the State to diversity our markets and relationships, and enter and have a presence in our country like never before to develop oil and energy activities," added PDVSA President Rafael Ramirez.

CIAN also approved the purchase of 20,000 tons of pipes for strengthening the oil infrastructure, as well as the contract award to a Venezuelan company for water pumps.

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