Russia, Venezuela deal on $14bn oil & gas investment

President of Venezuela,Nicola Maduro, says his country has reached an agreement with Russia which will see an investment of $14 billion in the oil and gas sector over the next few years. According to the Venezuelan President, the investment will be used to develop the so-called Orinoco Belt which runs through the northeast into the Caribbean Sea. The Belt holds some o the largest crude oil reserves in the world. Both countries will look into developing the Latin American nation's gas sphere. (rt.com)

This investment will provide job opportunities for both countries, oil and gas specialist around the world