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.

Source: http://www.eluniversal.com/

Putin, Maduro to discuss oil prices on Wednesday

President Maduro's unannounced visit to Russia comes after his visit to Algeria, Iran, and Saudi Arabia, against the backdrop of an international tour focused on the oil crisis

Venezuelan President Nicolás Maduro will visit Russia once again on Wednesday and meet with his Russian counterpart Vladimir Putin. Top in their agenda are plummeting oil prices, the Kremlin reported.

"Vladimir Putin will meet with Venezuelan President Nicolás Maduro (...) to talk about (....) the progress of bilateral cooperation, including the fulfillment of large bilateral projects in the energy, agriculture, and industrial areas," the Kremlin informed in a communiqué, AFP quoted.

President Maduro's unannounced visit to Russia comes after his visit to Algeria, Iran, and Saudi Arabia, against the backdrop of an international tour focused on the oil crisis.

Maduro's international tour began on January 5, and has included a number of OPEC and non-OPEC countries, EFE reported.

The price of the Venezuelan oil basket hit USD 42.44 last week, while the price of the OPEC basket stands at USD 41.50.

Source: http://www.eluniversal.com/