Russian investment in Venezuelan mining projects can reach $1 bln

MOSCOW, Sep 25 (PRIME) -- Russia’s investments in mining projects in Venezuela may amount to about U.S. $1 billion, according to materials for the upcoming negotiations between Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro, seen by PRIME on Wednesday.

“First of all, there is a high interest in production of diamonds and gold. According to Venezuelan estimates, the amount of investment participation of the Russian side can reach about $1 billion,” the documents read.

According to the documents, Russian oil companies Rosneft and Gazprom Neft, gas giant Gazprom and power holding Inter RAO are fulfilling investment projects in the energy sector of Venezuela.

As for industry cooperation, truck maker Kamaz has a noticeable potential supplying trucks, and spare parts and chassis of buses to Venezuela.

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