Venezuela and Russia sign new cooperation agreements in the oil and aviation sector

  • Nov, Thu, 2024


Venezuela and Russia New cooperation agreements were signed this Thursday within the framework of the eighteenth meeting of the High-Level Intergovernmental Commission, in Caracas, in which the Russian Deputy Prime Minister for Tourism, Sports, Culture and Communication, Dmitry Chernyshenko, participated.

Officials from both countries signed memorandums of understanding between the state oil companies PDVSA and Rosneft on training, training and technical advice for the comprehensive security of the energy sector, according to the broadcast of the state channel Venezolana de Televisión (VTV).

They also signed an agreement in the security area on “intelligence, counterintelligence and counterespionage issues” of which they did not offer further details.

Likewise, they established an agreement between PDVSA and the TNG Group company in the areas of oil services and improved recovery technology for extra-heavy crude oil, located in the Orinoco Oil Belt, a 600-kilometer-long region with vast deposits of this type of oil in the Caribbean nation.

Both countries signed an agreement between the Venezuelan state airline Conviasa and RT Project Technologies SA in the field of information technologies in the aviation sector.

Chernyshenko maintained, during the meeting, that Venezuela continues to be a “strategic partner and powerful ally” of Russia in the region.

“We consider it appropriate to improve the structure of the economy, diversify it to form a sustainable and self-sufficient economic model,” he indicated.

Meanwhile, the executive vice president, Delcy Rodriguezexplained that this week 13 subcommittees from various areas were working to achieve these new agreements, while saying that in the “coming weeks” there will be development in the gas fields that Russia has in Venezuela, without offering further details.

“May this new edition allow a new model (…) a new model to make us more independent, to make us more sovereign,” he added.

Russia and Venezuela strengthen cooperation in the face of sanctions

On Wednesday, the Russian ambassador to Venezuela, Sergei Melik, said, during a meeting of businessmen from both nations, that both countries will build “new ties” financial, commercial and logistical, among others, with the aim of continuing their “fight” against sanctions, mostly imposed by the United States.

In October 2023, Russia and Venezuela signed 16 cooperation agreements in the energy, oil, tourism, cultural and educational fields, among others, during the XVII Intergovernmental Commission held in Moscow.









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