Venezuela signs oil, gold deals with Rus­sia

The Korea Times - - WORLD -

CARACAS (Reuters) — Venezuela has signed deals se­cur­ing in­vest­ment from Rus­sia in the South Amer­i­can coun­try’s oil and gold sec­tors, Pres­i­dent Ni­co­las Maduro said on Thurs­day at the end of a three-day trip to Moscow.

“We have signed con­tracts to guar­an­tee in­vest­ments of more than $5 bil­lion with our Rus­sian part­ners in joint ven­tures to raise oil pro­duc­tion,” Maduro said in a video posted on his Twit­ter ac­count.

“We are also guar­an­tee­ing an in­vest­ment of $1 bil­lion for min­ing, mostly in gold.”

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