Foreign Correspondence

[Amaunet]

Venezuela to seek energy investments from Russia

Venezuela has also recently decided to purchase Russian military helicopters.

Venezuela is also a chief ally of China. In fact Bush would pay terrorists, specifically the AUC, with taxpayer money to destroy democratically elected Chavez to stop the proposed flow of Venezuelan oil to China.

He will instigate a coup and try and halt the proposed pipeline and future Colombian oil port through which China might receive Venezuelan oil that would have gone to the United States for this he needs the terrorist organization AUC.
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-Am

By Elio Ohep of Petroleumworld
CARACAS
Petroleumworld.com 09 30 04

Jose Vicente Rangel Venezuela`s vice president, will seek from Russia new investments in the energy sector when he begins a trip to Moscow on Friday. Rangel and Deputy Prime Minister Alexander Zhukov will jointly evaluate several energy projects, including those seeking to boost power generation and oil and natural gas output, the vice president's office said in a statement.

A c Venezuelan - Russian commission headed by Rangek and Zhukov has been set up to revew all projects and will be meeting next week.

The most important projects to be evaluated is a planned joint venture between Venezuelan oil company PDVSA and Russian oil producer Bashneft to increase natural gas and oil output in Venezuela, the statement said.

Also, a proposal for Gazprom to proposed and transport Venezuelan natural gas will also be discussed.

Venezuela is luring foreign companies to invest in the $10 billion in energy investments package through 2009, to increase its oil production capacity to 5 million barrels per day by 2009.

Petroleumworld News 09 30 04


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