Avtovaz to sell 2,250 Ladas to Venezuela
CARACAS. April 5 (Interfax) - Venezuela has agreed to buy 2,250 Lada cars from Russia in a deal signed by Avtovaz President Igor Komaroov and President of Venezuelan company Suvinca Simon Daoud in Caracas on Saturday.
The parties also signed a protocol of intent on the organization of Lada cars assembly in Venezuela and an interagency memorandum on the endorsement of licenses for Russian cars to be sold in Venezuela.
Komarov said earlier that the contract preliminarily involved the sale of 2,250 Ladas.
Venezuelan President Hugo Chavez said during the signing ceremony, "sign up please, so that each of you have your own Lada. We might need 10,000 if we sell these ones in a month," he said.
Meanwhile, a representative of Kamaz and the mayor of the Valencia municipality signed an agreement on partnership and strategic alliance.
Russian Airlines Aeroflot and the Venezuelan Aviation Industry Consortium signed a memorandum on mutual understanding intended to arrange flights between Caracas and Moscow through Havana and Madrid, with Aeroflot responsible for flights between Moscow and Havana and between Moscow and Madrid.
Ilyushin Finance Co. and the Venezuelan Public Works and Housing Ministry signed an agreement on mutual understanding envisioning the establishment of a joint venture to manufacture aircraft equipment, in which Venezuela will hold 51% and Russia 49%. The purpose of the agreement is to upgrade Venezuela's and other Latin American countries' air fleet.
Sovcomflot and PDV Marina S.A. also signed an agreement of intent, which involves the building of tankers to transport gas and oil from Venezuela to its markets.
Inter RAO UES and Petroleos de Venezuela, S.A. signed an agreement of intent as well.
Russia's United Construction Corporation and the Venezuelan minister of public works and housing also signed an agreement of intent on building a shipyard in Venezuela during Russian Prime Minister Vladimir Putin's 1-day working visit to Caracas.