Hugo & Mahmoud's Excellent Adventure
Filed under: Americas ~ Europe ~ Iran ~ Middle East ~ Russia ~ Venezuela
Iranian President Mahmoud Ahmadinejad (top) and his
Venezuelan counterpart Hugo Chavez
wave to the media during a visit to an oil drill in Venezuela's
Orinoco River basin on September 18, 2006. The drill is
operated by a joint venture between the Venezuelan state oil
company PDVSA and Iran's Petropars.
The Russian newspaper Kommersant has predicted that a group of gas-exporting nations, including chiefly Russia, Iran and Venezuela, will formalize an OPEC-like cartel at their meeting today in Doha, capital of Qatar. Blogger Robert Amsterdam has all the details on this interesting new potential threat to Western energy security. Reuters reports on today's events here.