Lawmakers on Thursday established joint ventures between Venezuela’s state oil company PDV and two consortia of foreign companies to develop the Carabobo fields in the South American nation’s heavy crude belt. Lukoil Opens Up Russian Sector of Caspian Russia’s top private oil producer, Lukoil, is preparing to open up a new oil and gas province with the start of commercial production from the Russian sector of the Caspian Sea. The official launch ceremony, scheduled for Wednesday, will be attended by Prime Minister Vladimir Putin.
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