Rosneft announces the termination of its operations in Venezuela and disposal of its assets. Participation in the Petromonagas, Petroperija, BoquerÃ³n, Petromiranda + Petrovictoria ventures will be sold to an unnamed company owned by the Russian govt, as well as oil-field services companies, commercial and trading ops. Rosneft's move could provide protection from US retaliation against the company and its two minority shareholders, BP + Qatar Investment Authority. Meanwhile Moscow continues showing support for NicolÃ¡s Maduro in the wake of a US narcotics indictment.
Rosneft announces the termination of its operations in Venezuela and disposal of its assets. Participation in the Petromonagas, Petroperija, BoquerÃ³n, Petromiranda + Petrovictoria ventures will be sold to an unnamed company owned by the Russian govt, as well as oil-field services companies,