Saturday, November 8, 2008

Venezuela, Russia drill first gas well

Venezuela and Russia Friday began drilling the first gas well in the Gulf of Venezuela, an area abound with natural gas resources. Venezuelan state-owned oil company PDVSA and Russian Gazprom jointly launched the project called Rafael Urdaneta near the state of Falcon, on the west coast of Venezuela.Chavez proposed that Russia should build a gas pipeline of 50 km for the people and industries in Paraguana in Falcon, northwest from the gas field.