Rosneft Invests in Venezuela

摘要

Russia's state-controlled oil giant Rosneft will pay $1.2 billion up front and also give a $1 billion loan to Venezuela's state company PDVSA for access to the Carabobo 2 block, a minister said on Monday. The companies are partnering in the project in the southern Orinoco extra heavy crude belt, which Venezuelan Energy Minister Rafael Ramirez said could eventually produce 400,000 b/d.