Venezuelan President Hugo Chavez has met with Russian business leaders to discuss joint oil and gas ventures during a visit to Moscow.
According to Associated Press, Mr. Chavez praised the close ties between Russia and Venezuela during the meeting, and urged top executives to invest in future energy projects.
President Chavez is on a two-day visit to Russia. He scheduled to hold talks with his Russian counterpart, Vladimir Putin on Friday.
Russia is the world's second largest oil exporter, while Venezuela is fifth among oil-exporting countries.
Some information for this story provided by AFP and Reuters.