Venezuela has announced plans to increase its oil output by two bpd following a $ an additional $1bn investment from Russia . "These agreements put us in an advantageous situation to stabilize the Venezuelan economy between 2016 and 2025," Maduro said. The deal, which will comprise joint ventures between Venezuela 's state-owned firm PDVSA and undisclosed Russian companies working in the country, aims to provide increased stability to Venezuela 's economy. The two countries also agreed an additional $1bn investment for gold mining projects, while Venezuela will also export 600,000 mt of wheat to the country 2019 .
Venezuela has announced plans to increase its oil output by two bpd following a $ an additional $1bn investment from Russia . The deal, which will comprise joint ventures between Venezuela 's state-owned firm PDVSA and undisclosed Russian companies working in the country, aims to provide increased stability to Venezuela 's economy. The two countries also agreed an additional $1bn investment for gold mining projects, while Venezuela will also export 600,000 mt of wheat to the country 2019 .