If Cuba was the Kremlin’s closest ally in Latin America during the Cold War, now it’s Venezuela, whose vast oil wealth gives Russia direct influence over an OPEC member.
Venezuela
Iran, Venezuela Form Oil Venture to Rival Shell, Eni
Iran and Venezuela, the producers of about 9 percent of the world’s oil, will form a $1 billion global venture for projects in countries where western companies are facing tougher business conditions.
