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Africa News arrow News arrow Special Reports arrow 'Venezuela free from Yankee imperialism'
'Venezuela free from Yankee imperialism' Print E-mail
Written by Administrator   
Sunday, 16 November 2008
Venezuelan President Hugo Chavez has welcomed close cooperation between Russia and Venezuela as a way to fight against 'US imperialism'.

Speaking at a ceremony to celebrate the start of drilling at the first Venezuelan-Russian offshore natural gas project on Friday, Chavez said, "Russia and Venezuela are establishing a strategic alliance."

"We have freed ourselves from Yankee imperialism," said Venezuelan leader during a televised address from the drilling platform.

Venezuela owns the largest gas reserves in South America, around 5 trillion cubic meters, but the supplies remain largely untouched as the country has focused on oil production.

In 2005, Russia's Gazprom won a contract to explore and extract natural gas from two gas blocks in the Gulf of Venezuela. The project is expected to start production in four to five years.

Hugo Chavez, a fierce critic of US foreign policies in Latin America, has reduced cooperation with American energy firms and has sought to replace them with Russian, Chinese and Iranian companies.

Russian President, Dmitry Medvedev is expected to visit Venezuela later this month and attend joint Venezuelan-Russian military exercises in the Caribbean Sea.

MVZ/CW/RA

 

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