Global Analysis from the European Perspective. Preparing for the world of tomorrow

Russia & Venezuela sign $5bn investment contracts ‘to increase oil production’ – Maduro

Caracas and Moscow have signed $5 billion US dollars’ worth of contracts related to oil production during President Nicolas Maduro’s visit to Russia, Maduro tweeted a day after meeting with President Vladimir Putin. Maduro announced the deal on Twitter, thanking Putin and the people of Russia. “Contracts have been signed to guarantee investments for $5 billion to increase oil production with Russian partners of joint ventures,” Maduro said. Source: RT

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