Saturday 08 November
2008, San José, Costa
Rica
Former Panama Officials
to Court
Panama Implements
Energy-Saving Project
Guatemala Economy
Will Slow Down
Colombia Money
Laundering Grows
Venezuela, Russia Drill
First Gas Well
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Venezuela, Russia Drill
First Gas Well
Caracas - Venezuela and
Russia Friday began
drilling the first gas
well in the Gulf of
Venezuela, an area
abound with natural gas
resources.
Venezuelan President
Hugo Chavez told
national radio and TV
chain that "as we
launched one week ago
the first satellite of
Venezuela, now we drill
the first gas well in
our Gulf."
Venezuelan state-owned
oil company PDVSA and
Russian Gazprom jointly
launched the project
called Rafael Urdaneta
near the state of
Falcon, on the west
coast of Venezuela.
Chavez said it is a
historical event in
Venezuela, "because we
were liberated from the
neo-colonial model. Here
we are with our Russian,
U.S. and Canadian
friends with the
technology."
"Venezuela is now free
with allies like
Russia... We will be
together for ever,"
Chavez said during his
speech.
Urdaneta field has three
wells: Urumau I and
Urumau II, which will be
exploited by PDVSA and
Gazprom. Field Cardozo
will be exploited by the
U.S. Chevron and PDVSA.
Chavez proposed that
Russia should build a
gas pipeline of 50 km
for the people and
industries in Paraguana
in Falcon, northwest
from the gas field.
The yearly investment
for the project Rafael
Urdaneta will be
6million U.S. dollars.
Russian Deputy Prime
Minister Igor Sechin
congratulated Chavez as
well as PDVSA and
Gazprom officials,
expressing thanks to the
president for his
efforts to help realize
this project.
Sechin said that the
joint project marks the
beginning of a great
undertaking.
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