Inside the PDVSA (Petroleo de Venezuela SA) building in Caracas. © Valery Sharifulin/TASS
TASS: Venezuela ready to hand control of state oil company to Russia’s Rosneft — paper
The initiative was put forward with an aim to secure the writeoff of Venezuela’s debt to Russia in exchange
MOSCOW, October 17. /TASS/. The government of Venezuela is ready to hand over full control over its state-run oil company PDVSA (Petroleos de Venezuela) to Russia’s Rosneft, El Nacional newspaper said citing own sources in the industry.
According to the paper, the initiative was put forward with an aim to secure the writeoff of Venezuela’s debt to Russia in exchange.
El Nacional said the initiative received a largely positive feedback in Moscow. In that regard, several commissions have already been sent to Venezuela to estimate the current situation of PDVSA and the viability of the initiative.
Russian experts reportedly came to a conclusion that the company should undergo a serious layoff to restore its competitive performance, the paper said.
Read more ....
Update: Russia Ready To Seize Control Of The World's Largest Oil Reserves (OilPrice.com)
WNU Editor: Russia wants their debts paid off, and they are calling in their marker. If this does go through, Russia's Rosneft will be (measured by reserves) the largest oil company in the world.
3 comments:
and the Monroe Doctrine?
Russia now in Venezuela. that is ok, right?
Hey! Just one socialist friend helping another. Maybe miss nancy, a fence for me and not for thee Pelosi, will give her palace to the mortgage holder. For a ticket to the moon hopefully.
Post a Comment