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Exclusive: Venezuela's cash-strapped PDVSA offers Rosneft oil stake – sources

Thursday, March 16, 2017 21:17
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(Before It's News)

Venezuelan state oil company PDVSA has offered Russian counterpart Rosneft a stake in a joint venture in the country’s Orinoco Belt extra-heavy crude area, five industry sources said, in a sign of the Latin American nation’s dire economic situation and Moscow’s growing muscle there.

Rosneft (ROSN.MM), Russia’s top oil producer, has been offered a 10 percent stake in the Petropiar joint venture.

PDVSA [PDVSA.UL], as Petróleos de Venezuela SA is known, has a 70 percent share, and U.S. oil company Chevron Corp (CVX.N) holds 30 percent of the venture, which includes an oil field and a 210,000 barrel-per-day oil upgrader …. http://www.reuters.com



Source: http://luismmx.blogspot.com/2017/03/exclusive-venezuelas-cash-strapped.html

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