Venezuelan President Hugo Chavez hopes that the oil prices will increaseto $ 100 per barrel. Thus he has asked for help from Russia. The Venezuelan president wrote a letter to Russian President Dmitry Medvedev, which calls for “the unity of major oil-producing countries”, transmits Associated Press.
According to U. Chavez, the Vice-President of Venezuela Ramon Karrisalesthe, arriving in Moscow on 22 June will take the message from the Russian head of state.
The export of crude oil makes 93% of the export structure of Venezuela. The drop in oil prices from their peak of $ 147 per barrel in the last year was a painful hit to the revenues of Venezuela, and also led the Russian government to redraw the budget seriously.
At the last trading session in New York crude oil futures prices for Light Sweet closed at around 69.55 U.S. $ / bbl.