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Venezuelan President Hugo Chavez threatened on Saturday to imprison his main political rival, intensifying a campaign against a man he calls a crime boss just a month before he faces tough regional elections.

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An emergency OPEC meeting on Friday reached swift agreement to chop production by 1.5 million barrels per day (bpd) in an effort to halt a deep oil price slide.

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As the price of oil roared to ever higher levels in recent years, the leaders of Venezuela, Iran and Russia muscled their way onto the world stage, using checkbook diplomacy and, on occasion, intimidation.

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Venezuela's economy minister expects OPEC to agree to cut oil supply at an emergency meeting next week to stem crashing world prices by bringing supply and demand into better balance.

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Venezuela plans on purchasing Russian-made T-72 battle tanks and armored reconnaissance vehicles as the nations' increase military cooperation, a Venezuelan military commander said Thursday.

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CARACAS (Reuters) - Socialist Venezuelan President Hugo Chavez mocked George W. Bush as a "comrade" on Wednesday, saying the U.S. president was a hard-line leftist for his government's intervention of major private banks in the U.S. financial crisis.

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Russia displayed its military strength in the Mediterranean yesterday after warships heading to Venezuela passed through the Strait of Gibraltar in the second deployment of Russian naval vessels in the waterway since the Cold War.

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Venezuela - President Hugo Chavez said Sunday that Russia will help Venezuela develop nuclear energy

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They are offering a sort of gangland deal – if you get into our territory, then we will get into yours. You leave Georgia and Ukraine to us and we won’t go into the Caribbean, OK?”

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Russia snubbed its nose at the United States today by announcing plans to sell military equipment to both Iran and Venezuela.

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President Hugo Chavez says the U.S. ambassador has 72 hours to leave Venezuela and he's recalling his ambassador from Washington.

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Russia is entering the new world with Chavez

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Cammarata said it would be the first time Russia's navy carried out such exercises in Latin America. He said the Venezuelan air force would also take part.

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President Hugo Chávez said that wholesale gasoline sales by private companies in Venezuela will soon disappear after his congressional allies pass a bill nationalizing the business.

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Speculation that Cuba's relations with Venezuela, its closest ally, might cool when Raul Castro became president has disappeared as the countries have forged even deeper and broader ties.

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Problems in this region are escalating between Venzuela, Colombia, Ecuador etc.

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It's a deal with the Iraqi dictator

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Sadam and Venezuela

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