- News
- Market Watch
- Bursa Malaysia
- My Portfolio
- Exchange Rates
- Unit Trusts
- Market Intelligence
- IPO Watch
- Company Ratings
- Bonus & Dividends
- Financial Results
- Share Buybacks
- Changes in Shareholdings
- Currency Converter
- Investor Relations
- Maritime
Wednesday March 18, 2009
Venezuela, Russia create joint oil company
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez says his country and Russia have formed a joint company to work together on oil projects.
Chavez called the formation of a Russian-Venezuelan energy company an important step. He said it will "open operations not only in Venezuela, but also throughout the world."
Chavez said during a televised Cabinet meeting on Tuesday that officials had signed a document in Vienna, Austria, two days earlier agreeing to set up the mixed company.
It will be made up of a consortium of Russian companies and Venezuela's state-run oil company, Petroleos de Venezuela SA.
The new company will be involved in extracting heavy crude in Venezuela's largely untapped Orinoco River basin.
- Italian minister under fire for supporting McDonald's new burger
- Resorts World Singapore casino to open this week
- Electricity generation from air?
- M'sia needs major economic transformation to become developed nation
- Higher Maxis dividends expected
- Local bourse continues to bleed
- HLB says no to request
- KNM's RM3.55bil value counted after deducting debt
- Boeing's giant 250ft-long 747-8 makes first flight(update)
- Dow closes below 10,000 for 1st time in 3 months
- Resorts World Singapore casino to open this week
- Higher Maxis dividends expected
- Toyota readies global Prius recall
- Ekuiti Nasional aims to deliver at least 12% returns
- Electricity generation from air?
- Abu Dhabi bank plans to start operating in Malaysia
- KNM's RM3.55bil value counted after deducting debt
- Cyber attack in M'sia still under control
- Dow closes below 10,000 for 1st time in 3 months
- Maxis targets to wire up 500 buildings by year-end
RSS