July 25, 2024

Rosneft hands Venezuelan oil business to Russian state firm

Energy Review retrieved

Russia’s Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin’s government, a move apparently intended to shield Russia’s largest oil producer from U.S. sanctions while Moscow continues showing support for Venezuelan President Nicolás Maduro in the wake of a U.S. narcotics indictment. By Vladimir Isachenkov and Joshua Goodman. Full text -> Yahoo Finance

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