| Home
Russian oil companies want consortium in Latin America
Brazil News.Net
Thursday 18th September, 2008 (IANS)
Caracas, Sep 18 (RIA Novosti) Russia's five major oil companies have said they are interested in setting up a consortium to boost operations in Latin American countries.
The oil firms which have come up with the idea are Rosneft, LUKoil, Gazprom Neft, Surgutneftegaz and TNK-BP.
Deputy Prime Minister Igor Sechin, who chairs the board of state-controlled Rosneft, Russia's largest oil company, said: 'It would be strange for Russia, which shares first place in global oil production with the Saudis, not to interact, say, with Venezuela, which holds fifth or sixth place.'
'The idea of creating a consortium comprising almost all the large Russian oil companies came from the companies themselves, which would like to work in Venezuela, and not only here,' Deputy Prime Minister Igor Sechin, who chairs the board of state-controlled Rosneft, Russia's largest oil company, said Wednesday.
Sechin was addressing a press conference here summing up his working visit to Cuba and Venezuela.
'It would be strange for Russia, which shares first place in global oil production with the Saudis, not to interact, say, with Venezuela, which holds fifth or sixth place,' he said.
Sechin said Russia is increasing its cooperation with Latin American countries in several areas.
He said a consortium would make it easier to build upgrading facilities to improve the non-conventional or heavy oil of Venezuelan. The construction of an upgrader would cost up to $6.5 billion, which would be hard for one company to finance, but a consortium could share the expenditure, he said.
Venezuela has around 87 billion barrels of proven conventional oil reserves. In addition, it has vast non-conventional oil deposits. Most of these deposits are located in the Orinoco oil belt.
Venezuela's state-run oil company PDVSA signed a deal with Russian energy giant Gazprom this year to evaluate and certify the Ayacucho-3 oil fields in the Orinoco belt. LUKoil signed a memorandum of understanding and an agreement with the company on joint exploration in the Junin-3 area, also in the Orinoco belt.  Email this story to a friend
Comments on this story
oilsteel@aol.in
10-31-08, 08:35 AM |
Russian oil companies want consortium in Latin America
I need reliable Russian /American / Saudi oil seller / companies or their designated authorised mandates name contact and email address since I got tired up of searching for real sellers for Russian / Amercian / Saudi D-2, Mazut, JP 54 or SLCO. In the net I came across with so many offers of so many companies with Bogus offers who are in to scam .Thus one by one I m losing my buyers.
Kindly help me in finding real seller for Russian / American / Saudi Oil in my below email address :
oilsteel@aol.in
|
waltky
04-23-10, 11:40 PM |
Dey sneakin' up on our under-belly...
:eek:
Iran, Russia, China beat a path to Latin America’s door
April 23, 2010 - Recent visits to Latin America by China’s Hu Jintao and Russia’a Dmitry Medvedev underscore how sometime US rivals are competing for business and geopolitical influence in the US’s backyard.
]
Latin America suddenly finds itself with many suitors. In the same week, Chinese President Hu Jintao was in Brazil hammering out investment deals and Russian President Dmitry Medvedev was in Argentina, taking the first such trip by a Russian head of state before going on to Brazil for a meeting of emerging world economies known collectively as the BRIC (Brazil, Russia, India, China) countries.
And if that weren’t enough, after inking a major military deal with Brazil, US Secretary of Defense Robert Gates set off on his own Latin American tour, strengthening ties with allies and referencing the budding friendship between Iran’s president, Mahmoud Ahmadinejad, and the region. Latin America is now one of the most popular belles of the global economic ball, with countries vying for its commodities and friendship. Many say the new attention is a good thing. It has helped buoy several economies even during the worst of the global financial crisis.
But there are growing questions as to whether China’s huge appetite for soy and iron ore, Russia’s vigorous sale of weapons, or Iran’s search for allies in the Western Hemisphere is ultimately good for the region – and whether the United States is missing out. “One dynamic we are beginning to see is resource competition between China and other external powers in the region, when we are used to the US telling everyone to keep their hands off of Latin America," says Evan Ellis, a professor of national security at the National Defense University in Washington. “There is new engagement in the region, and the emergence of competition between multiple outside players."
[url=http://www.csmonitor.com/World/Americas/2010/0423/Iran-Russia-China-beat-a-path-to-Latin-America-s-door:
China, Russia lead race[/url]
|
Have your say on this story
|
|
