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2016-08-03 18:50:00

ROSNEFT & PDVSA STRATEGIC PARTNERSHIP

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО

Rosneft CEO Igor Sechin met Venezuela state leaders, core ministers and head of the Venezuelan state oil and gas company PDVSA during his business trip to Venezuela. National Oil Consortium and Inter RAO top managers also participated in the negotiations.

Major issues of current cooperation among Russian and Venezuelan companies, expansion of strategic partnership for new upstream projects and construction of power generating capacities were discussed at the meetings.

During the negotiations Igor Sechin noted that the crisis in the global energy industry provides a unique opportunity to expand Rosneft and PDVSA cooperation, which may have a substantial effect on the global oil markets balancing. Eulogio del Pino, head of PDVSA, supported the offer of Igor Sechin and stated that lack of the competent regulating mechanisms in the modern oil industry is a substantial negative factor for the global economy. According to Del Pino such large hydrocarbons producers as Rosneft and PDVSA should work together to secure the interests of the whole industry.

Rosneft and PDVSA, signed several documents in Caracas in the presence of Venezuelan President Nicolas Maduro aimed at strategic cooperation expansion in the key operations segments. Igor Sechin and Nicolas Maduro noted the importance of transition to the practical stage of implementing the Venezuela offshore gas production project and achieving new agreements in oil and oil products trading and joint companies' initiatives to monetize oil and gas production by-products.

During the working meeting with Nicolas Maduro held on the 62-nd anniversary of the former Venezuelan President Hugo Chavez birthday Igor Sechin appreciated the services of the country ex-leader in developing the Russian-Venezuelan relations. Head of Rosneft, who also met Chavez family, noted the importance of preserving his heritage. A statuary group was established in Sabaneta, home town of former President, ordered by the Russian company to memorialize Hugo Chavez. Nicolas Maduro thanked Igor Sechin stressing that due to Hugo Chavez endeavors to establish friendly relations between the two countries, Moscow-Caracas partnership keeps actively developing today, despite the turbulence in the world economy.

Apart from that, Rosneft and PDVSA cooperation perspectives for greenfields operation (JV Petromiranda and JV Petrovictoria), oilfield services and PDVSA potential participation in Rosneft international projects were discussed during the negotiations.

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Earlier:

ROSNEFT 

ROSNEFT HAS PAID $1 BLN 

ROSNEFT: STABILITY & GROWTH 

ROSNEFT SOLD VANKOR 

ROSNEFT & BP: YERMAK NEFTEGAZ LLC 

OSNEFT'S OPTIMISTIC PERCEPTION

 

PDVSA 

VENEZUELA NEED MONEY  

VENEZUELA'S OIL DOWN  

VENEZUELA - CHINA TALKS  

BRAZIL & VENEZUELA IN SHOCK  

ROSNEFT & PDVSA COOPERATION

 

 

Tags: РОССИЯ, ВЕНЕСУЭЛА, RUSSIA, VENEZUELA, РОСНЕФТЬ, ROSNEFT, PDVSA

Chronicle:

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2018, April, 18, 13:04:00

U.S. INDUSTRIAL PRODUCTION UP 0.5%

FRB - Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and gas extraction and in support activities for mining. The index for utilities jumped 3.0 percent after being suppressed in February by warmer-than-normal temperatures. At 107.2 percent of its 2012 average, total industrial production was 4.3 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector moved up 0.3 percentage point in March to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972–2017) average.

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2018, April, 18, 13:02:00

KUWAIT'S INVESTMENT $113 BLN

AOG - Kuwait plans to invest $113bn over the next five years to enhance oil exploration and production activities both inside and outside the country

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2018, April, 18, 13:00:00

ЦЕНА URALS: $ 65,80125

МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 марта по 14 апреля 2018 года составила $ 65,80125 за баррель, или $ 480,3 за тонну.

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2018, April, 16, 09:50:00

OIL PRICE: NOT ABOVE $72

REUTERS - Oil prices slipped with Brent crude futures LCOc1 off 66 cents at $71.92 a barrel, while U.S. crude CLc1 fell 56 cents to $66.83 a barrel.

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