Russian Deputy Prime Minister Igor Sechin continues his Latin American tour Tuesday with his third visit to Nicaragua in the past 12 months, Russian news agency RIA Novosti reports on its Web site Tuesday.
Sechin is expected to discuss joint projects in electricity generation, increasing bilateral trade, and oil exploration in the Atlantic and Pacific oceans with the country's president Daniel Ortega, Russia's ambassador to Managua is quoted as saying.
"We are currently holding discussions on a whole range of areas of energy cooperation," Igor Kondrashev said, singling out the construction of a hydroelectric power station.
"In Nicaragua there are very good prospects for prospecting and extracting oil on the Atlantic and Pacific shelves."
Sechin is accompanied by Energy Minister Sergei Shmatko and top fisheries official Andrei Krainy, with increased Nicaraguan exports of seafood to Russia also on the agenda, RIA Novosti reports.