August 1, 2024

Rosneft Sets Up New Trading Unit

Source: Oil Prices

Rosneft cancelled several VLCC cargoes carrying a total 5.7 million barrels of Venezuelan crude to be delivered to Asian buyers. The company also transferred its Venezuelan assets to a newly set-up Russian state-owned company dubbed Roszarubezhneft. Moscow paid for the Venezuelan assets in Rosneft stock. By Irina Slav. Full Text -> Oil Price

Translation/ Traducción