The Russian-Venezuelan joint ventures are going to increase level of production of oil

The Russian-Venezuelan joint ventures are going to increase level of production of oil the Foreign Minister of Venezuela Yvan Khil told "RIA Novosti news agency" that the Venezuelan authorities intend to restore former level of joint oil production with Russia. According to him, in recent years production level reached 120-150 thousand barrels per day. "Certainly, the mode of sanctions strongly influenced production, the purpose at the first stage — to restore that level which we had only few years ago with the Rosneft company at which now other scheme of work" — Yvan Khil told. He also noted that the authorities agreed to renew...