Friday, January 16, 2015

President Maduro: "I got the resources the country requires"

Venezuelan President Nicolás Maduro did not elaborate on the amount, the terms, or the specific investment areas. He added the information would be provided by the ministers


"I got the resources the country requires to keep its investment and import levels and economic stability," announced the Venezuelan President, Nicolás Maduro, after his meeting with his Russian counterpart, Vladimir Putin. 

The President referred to several agreements reached with Russia during his second visit to that country amid his presidential tour.

"We have agreed to expand investment and Russia's interest in the joint ventures of the Orinoco Oil Belt and other fields. We have decided to increase shareholding and investment in oil production," Maduro stated during a telephone interview with stat-run TV channel VTV.

He did not elaborate on the amount, the conditions, or the specific investment areas. He added the information would be provided by the ministers.

President Maduro commented that the US strategy was to overstock the oil market, by using techniques that cause environmental damage and seek to harm geopolitics, hitting the economies of Russia and Venezuela.



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