Russia's Putin to visit Venezuela for further cooperation

13:30, April 02, 2010      

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Russian Prime Minister Vladimir Putin will start his visit to Venezuela on Friday to promote bilateral ties, authorities said on Thursday.

According to Venezuelan Vice President Elias Jaua, this visit will be an opportunity for Venezuela and Russia to expand bilateral exchanges and cooperation in energy, weaponry, industry, agriculture, transportation, education, culture and health sectors.

After his arrival at 6:00 a.m. local time (1330 GMT) on Friday, Putin will place a wreath at the mausoleum of Venezuelan Liberator Simon Bolivar in the National Cemetery here.

He will then meet Venezuelan President Hugo Chavez at 12:00 p.m. local time (1630 GMT) in Miraflores Palace, the Venezuelan presidential headquarters.

In addition, Putin will witness the establishment of a joint venture between Venezuela's state-run oil company Petroleo de Venezuela and the Russian companies Rosneff and Lukoil.

The deal involves an investment of 20 billion U.S. dollars and allows the exploitation of 450,000 barrels of oil in the Junin 6 block of the Orinoco Oil Strip. It also includes an improvement plan for an oil plant in southeastern Venezuela.

During his one-day official visit, Putin will also meet Bolivian President Evo Morales, who will travel to the Venezuelan capital on Thursday night. They will discuss credit and energy issues

On Wednesday, Russian Deputy Prime Minister Igor Sechin arrived here to work on the details of the upcoming visit.

Source: Xinhua


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