September 26, 2008

Russia, Venezuela Sign Energy Sector Agreements

Text of report by Russian state news agency ITAR-TASS

Orenburg, 26 September: Russia and Venezuela have signed a memorandum on cooperation in the energy sector and on possible areas of cooperation between Gazprom and Petroleos de Venezuela SA (PDVSA). The signing ceremony took place in the presence of the two countries' presidents, Dmitriy Medvedev and Hugo Chavez.

Gazprom CEO Aleksey Miller and Venezuelan Minister of Energy and Petroleum and PDVSA president Rafael Ramirez [Carreno] put their signatures to a memorandum of understanding defining the possible areas of cooperation between the two companies.

A memorandum of understanding between the Russian Energy Ministry and the Venezuelan Ministry of Energy and Petroleum to draw up a special additional intergovernmental agreement in the energy sector was signed by Russian Energy Minister Sergey Shmatko and Rafael Ramirez.

Originally published by ITAR-TASS news agency, Moscow, in Russian 0857 26 Sep 08.

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