Russian energy majors have signed co-operation agreements with Venezuela's state-owned oil and gas company, PDVSA, during President Hugo Chavez's two-day visit to Moscow. Russia and Venezuela are working towards the formation of a strategic alliance in the energy sector, said Chavez after talks with Russian President Dmitry Medvedev. Moreover, Dmitry Medvedev and Hugo Chavez have promised to take personal control over the implementation of key joint oil and gas projects.
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