Russian oil corporation to work on new projects in Venezuela
Venezuela's state oil company PDVSA and the Russian oil corporation Rosneft are expected to sign an agreement on joint development of new projects in Venezuela on the sidelines of the St Petersburg International Economic Forum (SPIEF), a high-rank source at the Venezuelan company told TASS.
"Several important agreements will be signed in order to boost cooperation between our two countries and companies," the source said. "The agreements are linked to new projects in Venezuela and to the training courses for the PDVSA and Rosneft workers."
He also said PDVSA CEO and President Eulogio del Pino would visit St Petersburg to take part in the forum and to meet with Rosneft President Igor Sechin.
"Rosneft is one of the main partners for PDVSA and we hope this partnership will gain more strength in the future," the source said.
Venezuelan President Nicolas Maduro said after a meeting with Igor Sechin in Caracas at the end of May Rosneft would invest $ 14 billion in oil projects in Venezuela.