Rosneft to work on new projects in Venezuela

The state-owned oil company of Venezuela (PDVSA) and the Russian Rosneft will sign an agreement on joint work on new projects in Venezuela during the St. Petersburg International Economic Forum, said a source in the Venezuelan company.

The source said that head of PDVSA, Eulogio Del Pino will visit Saint Petersburg to take part in the forum and meet with head of Rosneft, Igor Sechin. “Rosneft is one of the main partners of PDVSA and we look forward to an even closer partnership,"- said the source.