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Venezuela to help mine oil

    ABIDJAN

    Venezuela signed an agreement with Senegal on Monday to help the West African country mine some one billion mt of heavy crude oil off its southern coast. Senegal had put off the exploitation of its oil for years as world prices had hovered around US $10 a barrel. Energy Minister Magued Diouf said in Dakar it was now economical to mine oil because prices had risen to around US $24 per barrel.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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