Russia and Venezuela say they intend to set up an oil and gas consortium between Gazprom and Petroleos de Venezuela.

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).

Venezuela's minister for energy and petroleum and president of state-owned oil company PDVSA, Rafael Ramirez, has said that the government is not planning to expropriate gas stations across the country.

Venezuela to ask OPEC to reduce oil production CARACAS, Aug. 19 (Xinhua) -- Venezuela will propose oil output cuts at the September meeting of the Organization of Petroleum Exporting Countries (OPEC) in case oil prices continue decreasing, Energy and Oil Minister Rafael Ramirez said Tuesday.

MOSCOW. July 22 (Interfax) - The companies TNK(RTS:TNKO)-BP, Lukoil, and Gazprom signed a number of agreements with their Venezuelan partners on Tuesday. The documents were signed in the presence of Russian President Dmitry Medvedev and his Venezuelan counterpart Hugo Chavez.