(S&P Global Platts, 28.Mar.2020) — Russia’s largest crude producer Rosneft said Saturday it is ceasing operations in Venezuela and selling all assets related to activities there. “Today [Saturday], Rosneft entered into an agreement with a company 100%-owned by the Russian government on the sale of shares and termination of its […]
Tag: Petrovictoria
Rosneft Sells Its Venezuelan Assets
(Rosneft, 28.Mar.2020) — Rosneft announces the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Today Rosneft concluded an agreement with the company 100% owned by the Government of Russian Federation, to sell all of its interest and cease participation in its […]
Rosneft Cool On Venezuela’s Sweeter Gas Terms, For Now
(Argus, 6.Nov.2019) — Venezuela is offering sweeter fiscal terms to Russia’s state-controlled Rosneft for two offshore natural gas fields that are well-positioned to supply nearby Trinidad and Tobago, but the company has yet to make an investment commitment. The National Constituent Assembly (ANC), a rubber-stamp entity controlled by Venezuelan president […]
PetroMonagas, PetroVictoria Rumored to Have Changed President
(Energy Analytics Institute, Ian Silverman, 26.Sep.2018) — The president of the two Venezuelan joint venture companies is rumored to have been changed, according to reports in the daily Noticias Venezuela. The executive, Edgar Sifontes, is said to have left his position at the helms of both companies, reported the daily, […]
Venezuela Is Oil Market’s Bizarro World
(S&P Global Platts, Nastassia Astrasheuskaya, 7.Aug.2018) – Venezuela’s state oil and gas company PDVSA cut its debt to Russia’s top crude producer Rosneft by $400 million in the second quarter to $3.6 billion as of the end of June, Rosneft’s second-quarter results presentation showed Tuesday. Rosneft agreed prepayment deals for […]
PetroVictoria Producing 10,000 b/d
(Energy Analytics Institute, Ian Silverman, 5.Jul.2018) – The heavy oil project is currently producing 10,000 barrels per day, according to PDVSA. PetroVictoria, is a joint venture comprised of Venezuela’s PDVSA and Russia’s Rosneft to develop heavy oil reserves in Venezuela as part of the Carabobo-2/4 project. In May 2013, Rosneft […]
PDVSA Installs Two Heavy Oil Desalters
(Energy Analytics Institute, Ian Silverman, 5.Jul.2018) – The land transfer of two from BolĂvar to Anzoátegui states, for oil crude desalination has successfully been completed. The main function of both desalination plants is the subtraction of water and salt contained in heavy oil crude. The two mega-structures were constructed with […]
PDVSA, Rosneft Hold Conference on EHCO
(PDVSA, 23.Feb.2017) – PDVSA and the Russian company Rosneft held a technical conference on strategy, innovation and technology for a sustainable future, February 22-23, 2017 at PDVSA Intevep’s headquarters in Los Teques, Miranda state. The event brought together 150 PDVSA and Rosneft specialists from various fields to strengthen cooperation, exchange […]
Rosneft to Use Russian Technology at PetroMonagas
(Energy Analytics Institute, Ian Silverman, 14.Aug.2013) – Rosneft President Igor Sechon said his company would utilize Russian technology at the Petromonagas heavy oil project to increase production to 160,000 b/d from 140,000 b/d. Rosneft and PDVSA participate as partners in the following JVs in Venezuela: Petroperija, Boqueron, Petromonagas, Petrozamora, Petrovictoria […]
Rosneft, PDVSA Agree to Create PetroVictoria
(Energy Analytics Institute, Ian Silverman, 14.Aug.2013) – PDVSA and Russia’s Rosneft signed an agreement to create the JV company Petrovictoria, which will operate Carabobo Block 2 in Anzoategui and Monagas states as well as Carabobo Block 4 in Monagas state. The agreement was signed by Venezuela’s Minister of Energy and […]