Russian State Oil Company Rosneft Bails Out Of Venezuela - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Russian State Oil Company Rosneft Bails Out Of Venezuela, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Russian State Oil Company Rosneft Bails Out Of Venezuela
link : Russian State Oil Company Rosneft Bails Out Of Venezuela

Russian State Oil Company Rosneft Bails Out Of Venezuela

FILE PHOTO: Rosneft logo is pictured on a safety helmet in Vung Tau

Sputnik: Russia's Rosneft Oil Company Announces Termination of Its Activity in Venezuela

The Russian oil company's operations in the Latin American country, where it was extracting the heaviest mix of crude in the world, have been complicated since Washington initiated a campaign to oust democratically elected President Nicolas Maduro. The US namely introduced sanctions on companies working in the Venezuelan oil sector.

Russia’s Rosneft oil company has announced that it is selling 100% of its rights in all Venezuelan oil projects to a company owned solely by the Russian government. Rosneft will receive 9.6% of its shares, currently held by the government, in exchange for these rights. The sale means that Rosneft will cease all of its operations in the Latin American country.

Read more ....

Update: Rosneft sells Venezuela operations to Russian state firm (Reuters)

WNU Edityor: The Kremlin is basically picking up Rosneft's assets in Venezuela. No investor wants to buy these shares, so left with no choice Rosneft is basically just giving it away to the Russian government until conditions improve in Venezuela.

Thus Article Russian State Oil Company Rosneft Bails Out Of Venezuela

That's an article Russian State Oil Company Rosneft Bails Out Of Venezuela This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Russian State Oil Company Rosneft Bails Out Of Venezuela with the link address https://todaysand.blogspot.com/2020/03/russian-state-oil-company-rosneft-bails.html

Tweet

Subscribe to receive free email updates: