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  • Venezuela's Oil-for-MiGs Program

    09/24/2004 6:11:33 AM PDT · by OESY · 12 replies · 1,586+ views
    Wall Street Journal ^ | September 24, 2004 | MARY ANASTASIA O'GRADY
    ...Russian news services are reporting that both U.S. and Colombian military sources have confirmed that Venezuela's defense ministry has purchased several advanced MiG-29 fighters and that that U.S. sources have detected them on training missions. ..."Venezuela plans to spend approximately $5 billion on acquisition of Russian fighters including purchase of armament, airdrome and airborne equipment." ...UPI: "letters addressed last year to the director general of Russian Aeronautic Corp., Nicolai F. Nikitin, the Venezuelan air force requested the 'latest version' of the MiG-29 SMT equipped with high-tech weaponry, including radar-guided missiles and 2,000-pound bombs." UPI: "The plane must have the capacity...