RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

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.

-----

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
2022, July, 4, 12:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2022, July, 4, 12:43:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2022, July, 4, 12:40:00
GERMAN UTILITIES COLLAPSE
German leaders are stepping up warnings of impending turmoil and natural-gas shortages in Europe’s biggest economy, which relies on Russia for about one-third of its energy.
РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2022, July, 4, 12:35:00
IRANIAN OIL RISES
Iran could increase production to levels before the sanctions, he said, without giving an estimate of current output.
РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2022, July, 4, 12:30:00
S.KOREAN NUCLEAR FOR CZECH
"A nuclear power generation project requires more than a decade for construction and involves operations for more than 60 years. South Korea is a reliable partner in terms of economic feasibility, safety, and ensuring the construction period," Lee said.
РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2022, June, 28, 12:10:00
OIL PRICE: BRENT NEAR $117, WTI ABOVE $111
Brent climbed $1.9, or 1.7%, to $116.99, WTI rose $1.8, or 1.6%, to $111.36 a barrel.
РОСНЕФТЬ PDVSA: СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО
2022, June, 28, 12:05:00
OPEC OIL PRICE: $112.35
The price of OPEC basket of thirteen crudes stood at $112.35 a barrel
All Publications »