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2015-01-18 13:35:00

VENEZUELA & RUSSIA AGREE

VENEZUELA & RUSSIA AGREE

Venezuela and Russia have reached an agreement to step up investment and participation of Russian companies in development of Orinoco Belt oil reserves and other projects, Venezuelan President Nicolas Maduro said on Thursday after a meeting with Russian President Vladimir Putin in Moscow, writes TASS.

The press service of the Venezuelan presidential administration cited the president as saying the step was part of a plan to protect the oil market and strengthen the strategic alliance with Russia in the energy sector.

An agreement was also reached on investments in equipment to extract and refine oil.

Venezuela produces three 3 million barrels of oil a day and exports 2.5 million, mainly to the United States and China. It is the world's fifth oil exporter. The country's oil reserves are estimated at almost 300 billion barrels. Most of the reserves are in the Orinoco Belt.

oilandgaseurasia.com

Tags: VENEZUELA, RUSSIA, OIL,

Chronicle:

VENEZUELA RUSSIA AGREE
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SAUDI - INDIA'S DOWNSTREAM

MEOG - Judaimi highlighted that the closer cooperation between Saudi Aramco and Indian energy entities is reflected in the partnership with RRPCL and ADNOC on the Ratnagiri mega-refinery and petrochemicals complex in Maharashta this year. He noted that nearly $2 billion in material-service sourcing with Indian companies to date; and the opening of the Aramco Asia India office in 2017.

VENEZUELA RUSSIA AGREE
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

VENEZUELA RUSSIA AGREE
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

VENEZUELA RUSSIA AGREE
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

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