Tag Archives: Rosneft

Rosneft began investing in Venezuela’s economy long before the US sanctions.

The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA.

The U.S. special envoy for Venezuela Elliott Abrams said his government would soon apply more sanctions against Caracas.

Gas prices have plunged since 2014 when China and Russia agreed to the Power of Siberia gas pipeline project.

The total cost for the entire Southern gas corridor is close to $40 billion.

Chevron has ramped up output at a key Venezuela oil project to levels not seen in almost a year. offering a thorny reminder of how U.S. sanctions are failing to deliver a knockout of Nicolas Maduro’s regime.

Indian Oil Corporation Limited has signed a contract with Russia’s Rosneft for importing 2 million metric tonnes of Urals grade crude oil in a bilateral meeting.

An important subject of talks between Sechin and Pradhan was the issue of providing Indian consumers with quality crude and petroleum-based products.

Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.

South Azadegan is estimated to hold 25.6 billion barrels of oil in place.