Rosneft to Acquire PDV's Stake in Ruhr Oel

摘要

State-controlled Rosneft and Venezuela's Petroleos de Venezuela (PDV) inked a deal Friday allowing Russia's largest crude oil pro- ducer to purchase PDV's 50% stake in the Ruhr Oel joint venture with BP in Germany. The deal occurred during a visit to Moscow by Venezuelan leader Hugo Chavez in which Russia and Venezuela signed 10 agreements to further strengthen bilateral re- lations. The agreements define areas for strategic cooperation until 2014.