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Venezuela and Russia have bolstered bilateral ties during a visit to the South American country by Prime Minister Vladimir Putin. They have signed dozens of accords in a range of sectors, most notably defence and energy.

China would provide $20 billion to Venezuela for a "large volume and long term" financing plan in exchange for more petroleum, Venezuelan President Hugo Chavez has said.

Venezuela and Cuba have signed a treaty for exploration of crude oil and natural gas in two Venezuelan states, the state-owned oil authority has said on Thursday in Caracas.

The UAE finance ministry Monday said it has signed an agreement with Venezuela to avoid double taxation and tax evasion on income and capital.

India Wednesday told Venezuela that Indian companies would be increasing production from oil fields in the Latin American country that could be sent for further processing in upcoming refining projects in India.

Venezuela and China will together invest $16.32 billion in a joint oil venture to pump 400,000 barrels per day from the Junin 4 Block in the Andean nation's crude-rich Orinoco Belt, state-owned Petroleos de Venezuela S.A. has said at Caracas.

Chavez was the favourite of the Russian defence industry, the Russian oil company Rosneft, a state oil company, has been able to raise Venezuelan oil assets.

On a minor scale, congressmen say they are also being obstructed from doing their job because of lac...

Venezuela is the major exporter of crude petroleum (represents 73% of total exports) in the world followed by developed petroleum (16%), Gold (2.7%) and Acyclic Alcohols (1.3%) and petroleum coke. Top purposes of Venezuela exports are the United States, China, India, Singapore and Switzerland.