Rosneft to invest $14 billion into the economy of Venezuela

Rosneft will invest $14 billion in oil and gas sector in Venezuela. Such agreement between Moscow and Caracas was reached during the visit of Igor Sechin to this country.

"We had an excellent meeting, and we agreed on investments in the amount of $14 billion," – the Reuters quotes the Venezuelan President Nicolas Maduro, who spoke on national television. The President expressed hope that the money would double the oil production in Venezuela.

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