Welcome to the Carnival of Latin America and the Caribbean. The week’s big story: More Russian oil and weapons deals with Venezuela,
Russia pays Venezuela $600 mln bonus for role in oil project
Russia’s National Oil Consortium on Friday paid Venezuela a bonus of $600 million for participation in the development of the Junin-6 deposit, the head of a company making part of the consortium said.
Vladimir Bogdanov, the head of Surgutneftegaz, added that Friday is to see constituent documents signed and a joint venture registered in which 60% belongs to Venezuela’s state oil and gas corporation Petroleos de Venezuela (PdVSA), and 40% to the Russian consortium.
The National Oil Consortium (NNK) of Russian companies working in Venezuela includes Russian energy giant Gazprom, state-run crude producer Rosneft, Russian-British joint oil venture TNK-BP, Surgutneftegaz and LUKoil.
Total investment into the Junin-6 block development – a project designed to last 25 years – is estimated to reach $20 billion. The agreement on the joint venture between Russia and Venezuela was signed a month ago in Moscow. The Junin-6 oil field could produce up to 450,000 barrels daily by 2017.
Chile’s new government
Running to rebuild a shaken country
Lacking his predecessor’s popular touch, Sebastián Piñera (below) and his team of business technocrats will face pressure from Chileans for quick results
Cuba’s true martyrs
Possession of Spanish citizenship and a Spanish passport presumably makes it easier for Cubans to travel outside the island.
It also gives you access to better healthcare, too. Speaking of which, Commie love week in Brunswick, ME
Somewhere near Salinas
Guatemala and organised crime
Reaching the untouchables
Attempts to stop drugs money corrupting public life in Guatemala are making some progress. In Jamaica (see article) the worries are growing
Mexico, the United States and drug gangs
Turning to the gringos for help
As drug-related violence continues to rise, Mexican and American officials unveil plans for unprecedented security co-operation. But will they work?
The settlement also affects a refinery in Yabucoa, Puerto Rico, which was closed for business reasons in July 2008. Shell Chemical Yabucoa’s existing terminal operation in Puerto Rico will upgrade its operations, the Justice Department said.
Russia, Venezuela Strengthen Ties