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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
РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО January, 21, 11:55:00

OIL PRICE: NEAR $63

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО January, 21, 11:50:00

OPEC CONFORMITY LEVEL 98%

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО January, 21, 11:45:00

OIL FOR CHINA: 12.05 MBD

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО January, 21, 11:40:00

CHINA'S GDP GROWTH 6.6%

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО January, 21, 11:35:00

FLAT US E&P CAPEX

РОСНЕФТЬ & PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО January, 21, 11:30:00

SAUDI ARABIA INVESTMENT $10 BLN

All Publications »

Chronicle:

РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2019, January, 21, 11:25:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

The 3rd Latin America Energy Forum will address the needs of Latin America's evolving energy sector, exploring the evolution of the region’s energy mix and the role of gas in supporting the increased use of nonconventional renewables.

РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2019, January, 21, 11:20:00

FASTEST RENEWABLE GROWING

U.S. EIA - EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years.

РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2019, January, 21, 11:15:00

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN

ENA - Mohammed Saif Al Suwaidi, Director-General of ADFD, said, "The Abu Dhabi Fund for Development believes in the vital role the renewable energy sector plays in attaining the sustainable development goals in developing countries. This important sector stimulates economic growth, creates employment opportunities, drives innovation, supports the advancement of other key sectors, and optimises the use of natural resources – all crucial factors in improving people’s lives."

РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2019, January, 21, 11:10:00

RUSSIA, SERBIA NUCLEAR

WNN - Russia and Serbia have signed an intergovernmental agreement on cooperation in nuclear energy and a joint statement on strategic partnership for the construction of a centre of nuclear science, technology and innovation.

All Publications »