TNK-BP signs pact with Venezuela to explore oil in Orinoco basin

Oct 27, 2007 02:00 AM

The TNK-BP company has concluded an agreement with Venezuela on oil exploration of the Ayacucho block of the Orinoco oil belt.
The signing was declared after a meeting of the Russian-Venezuelan high-level inter-government commission. The contract provides for the comprehensive evaluation and certification of the block’s deposits.

Source: Itar-Tass
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