According to Ramirez, the documents were agreed during the work of the 10th Cuban-Venezuelan intergovernmental commission prior to the ALBA summit in the Cuban capital, Havana, on December 13-14.
"In 2000, we started the work of the intergovernmental commission with 17 projects worth $30.5 million...and now we will sign 285 joint deals totaling $3.185 billion," the Venezuelan minister said.
He added that the trade between Venezuela and Cuba has reached $8.7 billion, mainly in the health, education, agriculture and energy sectors.
Over 40,000 Cuban experts are working in Venezuela to help the poverty-stricken Latin American country improve its health care and education systems, Ramirez said.
ALBA, or the Bolivarian Alliance for the Peoples of Our America, was founded by former Cuban leader Fidel Castro and Venezuelan President Hugo Chavez in 2005 and now comprises nine members — Venezuela, Bolivia, Cuba, Ecuador, Nicaragua, Honduras, Dominica, Saint Vincent and the Grenadines and Antigua and Barbuda.
Reported by Cristina Gallardo, write to cristina.galllardo@portengineering.info
Related information
- Venezuela, Belarus invest USD8 bln in joint oil exploration
- Siemens wants to win Smart Grid orders worth over €6 billion by 2014
- Aberdeen-headquartered CNR International has achieved a milestone in its oil production operations
- GE Oil & Gas Power Generation and Subsea Equipment Wins Bring Gorgon Project Awards to Over US1.1 B
- Russian-Venezuelan Joint Venture to Invest USD20 bln in Oilfield
- Repsol confirms Venezuela´s Perla 1X well as its largest ever gas find
