Monday, November 17, 2014

Russian oil major Rosneft to buy 1.6 million tons of oil from Venezuela’s PDVSA

Russian oil major Rosneft will purchase 1.6 million tons of oil and 9 million tons of petroleum products from Venezuela’s PDVSA over five years, Rosneft said on Monday.
Rosneft’s purchase of oil and petroleum products from PDVSA is stipulated in a long-term contract between the two companies. After talks with the PDVSA management and Venezuelan Foreign Minister Rafael Ramirez, Rosneft CEO Igor Sechin noted “the increasing volume of cooperation in the oil sphere between Russia and Venezuela.” More…

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