Venezuela and Russia's top oil producer Rosneft (ROSN.MM)
have agreed on around $14 billion in investment in the South American OPEC's
country oil and gas sector, President Nicolas Maduro said on Wednesday evening.
Maduro said he met with state-owned Rosneft Chief Executive Officer Igor Sechin
earlier on Wednesday, in the company of PDVSA [PDVSA.UL] President Eulogio del
Pino and National Assembly boss and Socialist Party No. 2 Diosdado Cabello. "We
had a great meeting and agreed on investment of over $14 billion," said
Maduro during a televised broadcast, adding it would go towards doubling
Venezuela's oil production. Maduro did not provide a breakdown of the
investment plan and it remained unclear who would fund. More…
Thursday, May 28, 2015
Venezuela, Russia's Rosneft agree on $14 billion oil, gas investment
Venezuela and Russia's top oil producer Rosneft (ROSN.MM)
have agreed on around $14 billion in investment in the South American OPEC's
country oil and gas sector, President Nicolas Maduro said on Wednesday evening.
Maduro said he met with state-owned Rosneft Chief Executive Officer Igor Sechin
earlier on Wednesday, in the company of PDVSA [PDVSA.UL] President Eulogio del
Pino and National Assembly boss and Socialist Party No. 2 Diosdado Cabello. "We
had a great meeting and agreed on investment of over $14 billion," said
Maduro during a televised broadcast, adding it would go towards doubling
Venezuela's oil production. Maduro did not provide a breakdown of the
investment plan and it remained unclear who would fund. More…
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