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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-26-08 05:33 PM
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Venezuela and Russia plan to create a giant oil consortium to invest in joint oil ventures
http://www.theaustralian.news.com.au/story/0,25197,24405120-5005200,00.html

Raul Gallegos and Darcy Crowe | September 26, 2008

VENEZUELA and Russia plan to create a giant oil consortium to invest in joint oil ventures.

"They've offered us the chance to create an oil consortium...the largest in the world," Venezuela’s President Hugo Chavez said in televised remarks from Moscow.

The consortium would include state oil company Petroleos de Venezuela SA, PdVSA, and Russia's Lukoil Holdings, TNK, OAO Rosneft and OAO Gazprom, Mr Chavez added.

Creating this new consortium would raise Russian and Venezuelan relations to a new level, at a time when both countries seek more clout on the world stage.

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Regret My New Name Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-26-08 05:36 PM
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1. Drill baby drill!
Hey, at least I'm consistent :P
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