October
5, 2004
Russians interested in investing in aluminum
plant and oil exploitation
(El Universal) - "Russian
business people expressed their willingness
to invest $500 million in the installation
of an industrial plant of aluminium in
Venezuela, and also to explore and exploit
oilfields together with Pdvsa.
The Vice President of
Venezuela José Vicente Rangel
had the chance to listen to the Russian
business offers during his official
visit to Moscow (…)
Oleg Derispaka, president
of the aluminum firm Rusal, told Rangel
that his company is willing to invest
$500 million in an aluminum plant for
the processing of bauxite in association
with the Venezuelan Corporation of Guayana.
'With this meeting a political
boost has been given to negotiations,
as reported in the official statement
according to EFE agency.
Rangel also had a meeting
with the executives of the private Russian
oil company Luk Oil, "who declared
their interest to invest in some projects
in Venezuela", in collaboration
with Pdvsa.
Rangel traveled
to Moscow on October 2nd to create a
bilateral high-level commission and
to prepare an official visit to Russia
for Venezuelan President Hugo Chávez,
next November".
