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Venezuela signs oil, gold investment deals with Russia: Maduro

Reuters  |  CARACAS 

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." Maduro did not provide specifics about where the investments would be made or how much money Russian ...

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First Published: Thu, December 06 2018. 21:48 IST