Russia and Venezuela – two energy giants, and now they are united , – President of Venezuela said at a press conference after talks with Russian President Dmitry Medvedev. We need to strengthen cooperation in OPEC and with other nations to restore oil prices, inject stability in prices, which are suffering from the crisis , – said Chavez. Oil, which will be derived from national oil consortium, together with the Venezuelan PDVSA, is intended for export to USA, the Chinese and European markets. The national oil consortium, which includes Gazprom, Lukoil, Surgutneftegaz and TNK-BP was registered on October 8 this year. Oil will go to the United States may be in China, Europe – where will the demand , – said the head of LUKOYLa Vagit Alekperov. He noted that at this point early to say and how much investment in the development of deposits in Venezuela, and volumes of stocks, RIA News . Now Russia and Venezuela are considering moving into netting in the national currency. We discussed with President Chavez the possibility of using national currency – the ruble and the bolivar – in netting , – said Russian President Dmitry Medvedev at a news conference in Caracas. The leaders also discussed the prospects of establishing reserves in the two currencies. After eight months of 2008, trade turnover between Russia and Venezuela, in monetary terms amounted to 772 million dollarov.V the next two weeks, Russia and Venezuela will sign an intergovernmental agreement on the establishment of Russian-Venezuelan bank.
