MOSCOW, Sept. 21 (UPI) -- Russian oil producer LUKoil announced it might hand over its Venezuelan assets to a national consortium in exchange for its exploration outlay.

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, June 16 (UPI) -- Venezuela is in negotiations with the Dominican Republic to take a minority stake in the Dominican Petroleum Refinery, officials say.

OAK PARK, Ill., March 12 (UPI) -- Dismembered body parts found in four garbage bags in a suburban Chicago alley were identified Thursday as an 18-year-old Chicago man, police said.

MIAMI, Jan. 21 (UPI) -- Venezuelan energy officials say they are prepared to reduce oil exports to bolster the falling price of oil worldwide. South America's leading oil producer already has decided to cut oil shipments to two U.S. refineries.

OPEC still insists its supply is not the cause of record oil prices; Ever-increasing profits from rising oil prices could help reopen oil fields in Canada; Azerbaijan and Turkmenistan have agreed to energy cooperation

CARACAS, Venezuela, May 9 (UPI) -- The first South American Energy Council was inaugurated in Venezuela.

MIAMI, April 30 (UPI) -- India's Reliance India Ltd. is reportedly preparing to buy a stake in a major Peruvian oil block, marking yet another foray into developing markets in Latin America for the Indian energy giant.

MIAMI, April 23 (UPI) -- Energy officials from Iran said they were ready to make good on promises to bolster energy ties with Venezuela by establishing a joint Tehran-Caracas oil company, a concept considered far-fetched by some considering the rash of projects proposed by the two nations that have yet to come to fruition.