MOSCOW (Sputnik) — Venezuela’s state oil and gas company PDVSA will ink a bunch of deals with Russian energy firms later this year to promote bilateral investment, President Nicolas Maduro told the RT news channel.
"In the second half of the year we will sign important agreements to expand bilateral investment between Russian oil and gas companies and our PDVSA," Maduro said in an interview published late Wednesday.
The Venezuelan leader added that the Russian-Venezuelan cooperation on energy was developing at a good pace.
Venezuelan Ambassador to Russia Carlos Rafael Faria Tortosa told Sputnik on Tuesday that his country’s oil minister Nelson Martinez had met with Russia's Rosneft CEO Igor Sechin to discuss how to increase the company’s presence in the oil-rich South American country.
