Russia’s largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and disposed of its assets relating to its operations there.
The company said it was selling its Venezuelan businesses to a company owned by the Russian government, “including in the joint ventures of Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, as well as oil-field services companies, commercial and trading operations.”
It did not name the company to which it had sold its operations.
It said that it would be receiving a settlement payment worth a 9.6 percent share of Rosneft’s equity capital that will be held by a subsidiary.
Rosneft CEO says Russia, Saudi Arabia need to maintain contact: RIARussia and Saudi Arabia need to maintain contact, Igor Sechin, chief executive with Russia’s top oil producer Rosneft, was quoted as saying by RIA ... Energy
US blacklists subsidiary of Russian oil firm Rosneft to tighten funds for VenezuelaThe Trump administration on Tuesday moved to tighten financial restrictions on Venezuela, blacklisting a subsidiary of Russian oil firm Rosneft, which ... Energy
Russia’s Rosneft stops work at Iraqi Kurdistan oil field near Syria: ReportRussian oil giant Rosneft has stopped work on an oil field in Iraqi Kurdistan due to its proximity to the border with Syria, Interfax news agency ... Energy