Economy
09:06 28/05/2015
Russia, Venezuela agree on $14 billion investment in oil, gas sphere
Russia and Venezuela have reached a deal on $14 billion worth of investments in oil and gas projects, Venezuelan President Nicolas Maduro has announced, according to Sputnik.
The investment is aimed at doubling oil production in the coming years, Maduro said on Wednesday, after a meeting with CEO of Russian oil giant Rosneft Igor Sechin in Venezuela's capital, Caracas.
The agreement concerns the development of the so-called Orinoco Belt — one of the richest oil reserves in the world — and projects in the gas sector, according to Maduro.
Since last summer, global oil prices have drastically dropped due to oversupply in the market. In November, the Organization of the Petroleum Exporting Countries (OPEC) decided to maintain its oil production levels, contributing to a further drop in prices and severe crises in many oil exporting nations, particularly Venezuela.
Russia and Venezuela have set up several joint ventures for the development of oil reserves in Venezuela, which are considered the largest in the world.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
13:32
World Chess Championship kicks off in Singapore
The FIDE World Chess Championship Match 2024 is taking place in Singapore from November 25 to December 13.
The championship is...
Source Panorama.am
13:01
'Genuinely Yours': ARARAT presents new communication platform
“Genuinely Yours” new communication platform of ARARAT is a new chapter in the history of the brand. ARARAT continues its...
Source Panorama.am
12:36
Azerbaijan used COP29 to step up anti-Armenian propaganda, MP says
Armenia gained nothing in return for supporting Azerbaijan's bid to host the COP29 UN climate summit which concluded on Sunday, opposition...
Source Panorama.am
12:00
Cargo plane crashes into house in Lithuania, killing one
A DHL cargo plane crashed into a house as it made its approach to land at Lithuania’s Vilnius airport early on Monday, killing one person...
Source Panorama.am
11:45
Today is legendary commander Monte Melkonian's birthday
November 25 marks the birthday anniversary of legendary Armenian commander, philosopher and warrior Monte Melkonian. He would have turned 67...
Source Panorama.am
11:30
Fog hits Syunik highlands
The Rescue Service has warned drivers about a closed road in Armenia.
The road linking the Amberd high mountain meteorological station to...
Source Panorama.am
11:15
World Cadet Championship: Armenia's Tyhran Ambartsumian among leaders
The World Cadet Chess Championship 2024 is coming to a close in Montesilvano, Italy.
CM Tyhran Ambartsumian is among the leaders before...
Source Panorama.am
11:00
Putin, Erdogan hold phone call
Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan discussed relations between the two nations during a phone...
Source Panorama.am
17:00
Armenian church honors St Gregory the Thaumaturgus and others
The Armenian Apostolic Church on Saturday commemorates St Gregory the Thaumaturgus, Nicholas the Bishop and St Myron the Wonderworker....
Source Panorama.am
16:30
Banner at Armenian church in Watertown vandalized, police say
A banner at St. Stephen’s Armenian Church in Watertown has been vandalized, Watertown News reports, citing local police.
The...
Source Panorama.am
16:02
At least 3 arrested as Montreal anti-NATO protests turns violent
Montreal police say at least three people were arrested after protests turned violent Friday evening, with demonstrators throwing objects at...
Source Panorama.am
15:45
Expert: Armenia pinned hopes on 'European fairy tales' and became isolated
Arthur Khachikyan, an international relations expert from Stanford University, claims the Armenian government’s poor foreign...
Source Panorama.am
15:07
Armenian-Russian relations 'in agony', expert says
Hayk Khalatyan, a political analyst at the Verelq Information and Analytical Center, on Saturday accused Prime Minister Nikol Pashinyan and his...
Source Panorama.am
14:32
Powerful Israeli airstrike kills 11 people in central Beirut
A powerful airstrike killed 11 people in central Beirut on Saturday, the Lebanese civil defence said, shaking the capital as Israel pressed its...
Source Panorama.am
14:15
Expert: Armenian-Azeri talks somewhat stalled
Political analyst Suren Sargsyan claims the Armenian-Azerbaijani peace talks have somewhat stalled amid the change of government in the United...
Source Panorama.am
13:33
Temperatures set to plunge next week
Clear weather is expected in Armenia's regions over the weekend.
Rain and snow are forecast for most parts of the country next week....
Source Panorama.am
13:06
Magnitude 4․3 quake hits Azerbaijan, felt in Armenia
A magnitude 4․3 earthquake struck Azerbaijan on Saturday afternoon.
The quake was recorded 42 km northeast of the town of Goris in...
Source Panorama.am
12:35
Opposition MP slams Pashinyan's Western Armenia remarks
Opposition Hayastan faction MP Levon Kocharyan has blasted Prime Minister Nikol Pashinyan's remarks on Western Armenia and Baku’s fake...
Source Panorama.am
12:00
MP Hovik Aghazaryan says decided on his parliament seat
MP Hovik Aghazaryan of Armenia’s ruling Civil Contract party has made a decision on his parliament seat.
The deputy has told the media...
Source Panorama.am
11:36
US lawmakers request classified briefing on Turkey’s ties to Hamas
More than three dozen Democratic and Republican lawmakers are calling on the Biden administration to offer a classified briefing on...
Source Panorama.am
11:15
Armenia's Mushegh Mkrtchyan wins bronze at World Military Wrestling Championships
Armenian serviceman Mushegh Mkrtchyan (92 kg) has clinched a bronze medal at the 37th CISM World Military Wrestling Championships in Yerevan,...
Source Panorama.am
11:00
Switzerland bans exports to Polish firm after Swiss-made ammunition ends up in Ukraine
The Swiss government said Friday it is barring exports to a Polish military hardware supplier after concluding that some 645,000 rounds of...
Source Panorama.am
17:12
Armenia to face Georgia in Nations League play-off
The 2024/25 UEFA Nations League knockout stage and play-off ties have been confirmed following the draw in Nyon, Switzerland on Friday....
Source Panorama.am
16:36
Hayk Marutyan agrees to debate with Tigran Avinyan
New Power party leader Hayk Marutyan has agreed to a TV debate with incumbent Yerevan Mayor Tigran Avinyan.
Marutyan, a former Yerevan...
Source Panorama.am
15:45
Opposition politician: Pashinyan leading Armenia to 'final collapse'
Prime Minister Nikol Pashinyan’s administration is leading Armenia to the “final collapse” and Turkification, opposition...
Source Panorama.am
15:05
Caretaker deputy justice minister sacked
Armenian Prime Minister Nikol Pashinyan has signed a decree to dismiss Armenuhi Harutyunyan as Acting Deputy Minister of Justice....
Source Panorama.am
14:35
Armenian parliament speaker confirms MP's resignation
National Assembly Speaker Alen Simonyan has issued a statement on the resignation of Narek Zeynalyan as an MP from Armenia’s ruling Civil...
Source Panorama.am
14:06
Visa restricts media access to key event in Yerevan
Visa has restricted the media access to the Cashless Forum 2024 to be held in Yerevan for the first time on November 22.
Only...
Source Panorama.am
13:36
Orban says he will invite Netanyahu to Hungary after ICC warrant
Prime Minister Viktor Orban said on Friday he would invite Israeli Prime Minister Benjamin Netanyahu to visit Hungary, saying he would guarantee...
Source Panorama.am
13:11
Temps to plummet in Armenia
Clear weather is expected in Armenia's regions on Friday and over the weekend.
Rain and snow are forecast for most parts of the country...
Source Panorama.am
Videos
17:32 20/02/2023
Artur Vanetsyan: I think you'll see me more often at various events in future
17:35 20/02/2023
Armenian expert: U.S. stance on Karabakh remains unchanged
13:59 09/02/2023
Premature births increase in Artsakh due to stress
12:43 09/01/2023
Snow-covered Yerevan
15:41 15/12/2022
Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
