Russ Oil-Gas

31.07.2006 10:16 [Neftegaz.ru] - Petroleos de Venezuela SA, state oil and gas company, said Russia's gas giant Gazprom will help Venezuela work out a plan to develop its gas industry over the next half century. The two companies will develop a plan of the gas sector for the next 50 years, a strategy which includes the development of the internal market as well as the process of regional interconnection. A team of 100 Venezuelan and Russian technicians should complete the study project within a year, according to statement. The team is expected to log more than 300,000 man hours. The agreement was signed by Petroleos and Gazprom, Russia's state- controlled gas monopoly.