Courtesy of AlNavio
Russia has set up a wholly state-owned oil company named Roszarubezhneft after Rosneft announced it would exit Venezuela and ditch its Venezuelan assets to a new–as of yesterday–and unnamed company, Reuters reports. The news agency also cited an unnamed source as saying Moscow had cut its stake in Rosneft below a majority stake after it agreed to buy Rosneft’s Venezuelan assets.By Irina Slav. Full text -> Oil Price
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