World
Institutional
links
Welcome back on
26 -29 August,
ONS 2008
ONS 2008:
Press sees Norway
from toe to tip
Petroleumworld
Business
Partners:
Centre for
Global Energy
Studies
Blogspots
The Energy Guide
to Venezuela
By Venezuelan British
Chamber of Commer
  |
Russia's RusAl to develop bauxite, aluminum in Venezuela
CARACAS
Petroleumworld.com, November 07, 2008Russian aluminum giant RusAl plans to develop a project to produce aluminum in Venezuela, a Russian deputy prime minister said on Thursday, Ria Novosti reported.
"RusAl is set to develop a project for the production of bauxites and aluminum with a Venezuelan company," Igor Sechin said at the opening of a bilateral intergovernmental commission meeting.
Sechin is leading a delegation of around 60 businessmen for the Russian-Venezuelan intergovernmental commission meetings on Thursday and Friday.
United Company RusAl was established in March 2007 through a merger of Russian aluminum giants RusAl and SUAL and Swiss Glencore's alumina assets. It exports products to 70 countries.
Venezuelan President Hugo Chavez said earlier that Sechin's visit would pave the way for the arrival of Russian President Dmitry Medvedev in Venezuela.
Russian presidential spokeswoman Natalya Timakova said earlier that Medvedev could stop off in some Latin American countries as part of his trip to Lima, Peru for the APEC summit on November 22-23.
Sechin said that during Medvedev's visit, Russia and Venezuela are expected to sign a number of bilateral agreements including on the establishment of a joint development bank, as well as in the fields of air transportation, mutual protection of financial investments and the peaceful use of nuclear energy, among others.
Story from Petroleumworld
Petroleumworld 06 11 08Copyright© 2008 respective author or news agency. All rights reserved.
We welcome the use of Petroleumworld™ stories by anyone provided it mentions Petroleumworld.com as the source. Other stories you have to get authorization by its authors.
Your feedback is important to us!
We invite all our readers to share with us
their views and comments about this article.Write to editor@petroleumworld.com
Any question or suggestions, please write to:
editor@petroleumworld.com
Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels