Igor Sechin, the chief executive of Russia’s oil giant Rosneft, told reporters he was about to go to Venezuela, where his company is involved in five oil production projects, Sputnik reported.
Asked on the sidelines of the APEC economic leaders’ summit in Lima, Peru, when he planned to go to Venezuela, he replied "about right now."
This remark comes after Venezuela’s Oil Ministry said earlier in November that Sechin was coming to the country sometime this month, after his meeting with Oil Minister Eulogio del Pino in Moscow in October.
Venezuela has the world’s largest proven oil reserves. Rosneft extracts roughly 9 million tonnes of crude oil a year in this South American country.