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NYBob

12/06/18 1:01 PM

#23353 RE: NYBob #23352

Venezuela signs oil, gold investment deals with Russia: Maduro

https://www.reuters.com/article/us-venezuela-russia/venezuela-signs-oil-gold-investment-deals-with-russia-maduro-idUSKBN1O51WX

Russian President Vladimir Putin (R) meets with his Venezuelan
counterpart Nicolas Maduro at the Novo-Ogaryovo state residence outside
Moscow, Russia
December 5, 2018. REUTERS/Maxim Shemetov

CARACAS (Reuters) - Venezuela has signed deals securing investment from
Russia in the South American country’s oil and gold sectors, President
Nicolas Maduro said on Thursday at the end of a three-day trip to
Moscow.

“We have signed contracts to guarantee investments of more than
$5 billion with our Russian partners in joint ventures to raise oil
production,” Maduro said in a video posted on his Twitter account.

“We are also guaranteeing an investment of $1 billion for mining, mostly
in gold.”


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