President of Venezuela's state-owned oil company, PDVSA, Rafael Ramirez (C) speaks alongside the executive chairman of Russia's Rosneft, Igor Sechin (3-R) in Barcelona, Venezuela, on May 23, 2013. Venezuela and Russia formed a joint venture to produce 120,000 barrels of oil a day by 2016 in two fields in the Orinoco Heavy Oil Belt.
President of Venezuela's state-owned oil company, PDVSA, Rafael Ramirez (C) speaks alongside the executive chairman of Russia's Rosneft, Igor Sechin (3-R) in Barcelona, Venezuela, on May 23, 2013. Venezuela and Russia formed a joint venture to produce 120,000 barrels of oil a day by 2016 in two fields in the Orinoco Heavy Oil Belt.
