pump some oil baby

Chávez courts Russian investment in Venezuela

Home (The Associated Press) - MOSCOW: President Hugo Chávez of Venezuela called on Russian business leaders Friday to increase investment in his country, criticizing U.S. companies as "vampires" and inviting Russians to help develop a massive oil deposit.

Chávez also reportedly confirmed that his country would be negotiating with Russia about purchasing submarines.

He arrived Wednesday amid widespread speculation that he wanted to sign a major arms deal, and President Vladimir Putin said the weapons trade was among the topics of talks late Thursday when he met with Chávez.

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