Russian companies like Rosneft and Lukoil were once regular partners with PdV on a number of projects, but they began pulling out of Venezuela when the US started to impose sanctions on PdV and companies doing business with it. In 2020 Russia created Roszarubezhneft to take over Rosneft’s Venezuelan business, but it has been slowly unwinding the partnerships. In a series of messages PdV workers were told to keep the withdrawal of the Russians from the Petrozamora project secret or risk being disciplined. Roszarubezhneft is still partnered with PdV to operate a natural gas field in eastern Venezuela’s Monagas state. Full Text -> Argus

Traducción de cortesía -> Empresas rusas como Rosneft y Lukoil alguna vez fueron socios habituales de Pdvsa en una serie de proyectos, pero comenzaron a retirarse de Venezuela cuando EE. UU. comenzó a imponer sanciones a Pdvsa y a las empresas que hacían negocios con ella. En 2020, Rusia creó Roszarubezhneft para hacerse cargo del negocio venezolano de Rosneft, pero poco a poco ha ido deshaciendo las asociaciones. En una serie de mensajes, se les dijo a los trabajadores de Pdvsa que mantuvieran en secreto la retirada de los rusos del proyecto Petrozamora o se arriesgaran a ser sancionados. Roszarubezhneft todavía está asociado con Pdvsa para operar un campo de gas natural en el estado de Monagas, en el este de Venezuela

Although nothing is ever clear-cut where Russia is concerned, the country’s decision to reduce its stake in oil giant Rosneft is likely the result of US sanctions and the company’s relationship with Venezuela. By Barclay Ballard. Full Text -> EuropeanCEO

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

A private Russian security firm linked to Kremlin-controlled oil giant Rosneft has become the controlling shareholder in a Venezuelan-focused oil consortium that Rosneft left, a state registry and database showed on Thursday. By Anastasia Lyrchikova, Vladimir Soldatkin. Full Text -> Reuters

“These reports on Rosneft’s acquisition or deal with PDVSA as well as the upcoming authorization extension for US companies that operate on Venezuela, those items remain under active deliberation,” Gacki said when asked about the Treasury Department’s position on Rosneft’s divestment of Venezuelan assets to a Russian holding company. Full text -> The Nation

The Russian government no longer has a majority stake in Rosneft for the first time in the energy giant’s 27-year history. On March 28, Rosneft announced that it had sold all of its assets in Venezuela as part of a deal with the wholly government-owned company, Rosneftegaz. Full text -> Stratford

 Venezuela’s opposition-dominated National Assembly approved Tuesday to investigate the sale by Russian state oil company Rosneft of its assets in the South American country. Full text -> Explica

Maduro needs to convince his government “that he still has Putin’s support” if he wants to hold on to power, said Rendon. By Todd Prince. Full text -> Radio Free Europe/Radio Liberty

The United States would lift its sanctions on two units of Russian oil company Rosneft if it is clear the company is no longer involved in Venezuela, two U.S. officials said on Thursday. Full text -> Financial Post

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