Rosneft continues to analyze conditions of deal with PDVSA
Edited by Rhod Mackenzie / 2016-04-04 04:07:04
Rosneft has stated that it continues to analyze the terms of the deal with the Venezuelan oil and gas Petroleos de Venezuela (PDVSA). The Russian company plans to purchase an additional share in the project with Venezuelan colleagues.
In February, Rosneft signed an agreement with Venezuela's PDVSA for additional investment in the project of development of the Orinoco Oil Belt in the amount of $500 million. The agreement provides that the share of Rosneft in the project of Petromonagas increases from 16.7% to 40%. The signing ceremony was attended by the President of Venezuela Nicolas Maduro.
