Rosneft and PDVSA logos with an oil rig in the background. File photo.
Venezuelan state oil company PetrĂłleos de Venezuela (PDVSA) reported on its official social media about Russian companies’ interest in cooperating to strengthen oil production and refining in Venezuela and strategic areas of the oil industry.
“Russian companies are interested in relaunching oil cooperation with Venezuela in strategic areas such as oil production and refining, modernizing the power grid, and supplying petrochemicals including catalysts and additives,” the PDVSA announced on Tuesday, September 19, posting a photo of the meeting between PDVSA President Pedro Tellechea and Russian Vice Prime Minister and Former Oil Minister Alexander Novak that took place in July.
Las empresas rusas estĂĄn interesadas en relanzar la cooperaciĂłn petrolera con Venezuela en ĂĄmbitos estratĂŠgicos como la producciĂłn y refinaciĂłn de petrĂłleo, modernizar la red elĂŠctrica y suministrar productos petroquĂmicos, incluidos catalizadores y aditivos. pic.twitter.com/MxTg18RQph
— PDVSA (@PDVSA) September 18, 2023
The supply of petrochemical products, catalysts, and additives to enable the production and refining of oil and the modernization of the electricity grid are part of the scope of the cooperation between the two countries
Rosneft’s CEO in Caracas to Strengthen Venezuela – Russia Oil Production
In March 2020, the relationship between Rosneft and PDVSA deteriorated following sanctions imposed by the United States on a subsidiary of the Russian company in Europe for allegedly facilitating the commercialization of Venezuelan oil and helping to evade unilateral coercive measures.
With the most recent US and European sanctions against Russia following the special military operation in Ukraine, the sanctions on Russian oil and financial entities opened the door for a more direct relationship between the two countries.
(Ăltimas Noticias) with Orinoco Tribune content
Translation: Orinoco Tribune
OT/JRE/SF
