Putin: Venezuela, Russia have huge potential for joint investment projects July 2, 2013 - 20:01 AMT PanARMENIAN.Net - Venezuela and Russia have huge potential for joint investment projects, Russian President Vladimir Putin said Tuesday, July 2 the same day that Rosneft and Gazprombank signed major deals with Venezuela’s national oil company, Petroleos de Venezuela, RIA Novosti reported. “Energy is an important area for joint investment projects,” Putin said after meeting with Venezuelan President Nicolas Maduro. “Russia’s National Oil Consortium in September 2012 launched the first oil well at the Junin-6 deposit [in Venezuela]. [Electricity trader] Inter RAO UES supplies gas turbines to Venezuela for nuclear power plants under construction there,” Putin said. Venezuela is Russia’s key partner in Latin America, the Russian leader said, adding that bilateral trade exceeded $2 billion in 2012 and tripled in January through April this year. Russian investment in the Venezuelan economy has reached $21 billion, he said. Putin also said the two nations had great potential for industrial partnerships. “Russia and Venezuela are implementing joint projects in the auto industry, machine-building, transportation and infrastructure,” he said, adding that Russian truck maker KamAZ planned to set up a joint venture with Venezuela to produce trucks and buses.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Narek Manasyan wins European Boxing Championships silver for Armenia  Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports.Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |
