Wednesday, July 23, 2008

Russia trumpets ties with Venezuela's Chavez

Meiendorf Castle, Russia - Russian President Dmitry Medvedev on Tuesday hailed closer relations with Venezuela's socialist leader Hugo Chavez, signing a raft of business deals bringing the two key oil producers and rivals of the United States closer together.

(Snip) Medvedev and Chavez signed four deals between Russian oil companies and Venezuela's state energy firm PDVSA. These allow the Russians to develop new oil deposits in the South American country...

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