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.

MIAMI, May 6 (UPI) -- Venezuelan officials are mulling over a proposed law that would allow the state-owned oil company, Petroleos de Venezuela SA, to take over certain service projects associated with the petroleum industry currently being performed by private companies.

MIAMI, April 8 (UPI) -- Hoping to improve Venezuela's economic outlook on the oil front, South America's largest petroleum producer is bolstering ties with Japan to the tune of a $4 billion joint investment fund, solely bankrolled by Tokyo.

Europe tries to avoid gas shortages; South Korea, Venezuela sign oil and gas deal; Mexico's oil reserves decrease

North Sea oil and gas loses investments; Iraq seeks more oil investment to boost economy; Japan, Venezuela agree to cooperate on oil, gas

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, March 11 (UPI) -- With oil prices dropping dramatically over the last six months, Venezuela said it would cut costs at its state-run energy company, Petroleos de Venezuela SA, by 40 percent.