CARACAS, Venezuela, June 26 (UPI) -- Venezuelan Oil Minister Rafael Ramirez' announcement that the state will borrow more money to help pay off national oil company debts follows the disclosure by President Hugo Chavez of a letter urging Moscow to cooperate in selling oil at $100 a barrel.

CARACAS, Venezuela, March 20 (UPI) -- Venezuela's minister of energy and petroleum has signed an accord in Japan pledging cooperation in Venezuelan oil and gas development.

CARACAS, Venezuela, Jan. 15 (UPI) -- Venezuelan President Hugo Chavez is inviting Western oil companies to submit bids to develop new areas of the Orinoco Belt for petroleum production.

HONG KONG, Nov. 7 (UPI) -- Alongside their military deals, the People's Republic of China and the South American nations of Venezuela and Brazil have been cooperating extensively in the oil industry.

CARACAS, Venezuela, Oct. 31 (UPI) -- Venezuela is buying from Russia between 10 and 12 Mi-28NEs -- Havoc or Night Hunter -- helicopters.

CARACAS, Venezuela, Oct. 15 (UPI) -- In 2006 and 2007 Venezuela's air force purchased 36 Russian-built Sukhoi Su-30 "Flanker-C" fighters, of which 24 already are in service and the remaining 12 will be delivered before the end of 2009. However, President Hugo Chavez has also placed an order for 24 state-of-the-art Russian Sukhoi Su-35 "Flanker-E" fighters with delivery starting by 2010.

ORENBURG, Russia, Sept. 27 (UPI) -- Russia and Venezuela say they intend to set up an oil and gas consortium between Gazprom and Petroleos de Venezuela.

Venezuela, Russia partner on oil; another major oil and gas find in Brazil; Occidental buys out its field partner.

Airline industry blames crude spike on speculation; CAPP chief pushes new industry image; Gazprom, Venezuela sign gas deal; new fields bode well for New Zealand economy; Pickens blows into presidential race; Colorado considers wildlife regulations on oil sector.