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Venezuela, France eye cooperation on energy
Caracas (AFP) Sept 29, 2009 France and Venezuela have said they would seek closer cooperation in the energy sector, and discussed potential technology transfers. Finance Minister Ali Rodriguez and other members of President Hugo Chavez's government met Monday with Jean Marie Paugam, a senior official with the French Economy ministry, a Venezuelan foreign ministry statement said. Representatives of the two countries discused "technology transfers in several areas based on a Venezuelan delegation proposal on the legal framework for investments, the economic climate, profit repatriation and rail, energy and oil cooperation," the statement added. The French official stressed that Paris is interested in closer ties with Venezuela in the oil industry. France's Total has been in Venezuela for years, particularly in the resource-rich Orinoco basin. Total has said it was interested in investing 25 billion dollars (17.14 billion euros) in the South American nation. Share This Article With Planet Earth
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G20 leaders agree to phase out fossil fuel subsidiesPittsburgh, Pennsylvania (AFP) Sept 23, 2009 Leaders of emerging and developed nations agreed Friday to a US plan to phase out government subsidies for fossil fuel blamed for global warming, a joint statement said. "We commit to rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption," the leaders said after a two-day Group of 20 summit in Pittsburgh. The leaders asked ... read more |
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