Russia's Rosneft terminates Venezuela operations
MOSCOW, March 28 (Reuters) - Russia’s largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and disposed of its assets relating to its operations there.
The company said it was selling its Venezuelan businesses to a company owned by the Russian government, “including in the joint ventures of Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, as well as oil-field services companies, commercial and trading operationsâ€.
More: https://www.reuters.com/article/russia-rosneft-venezuela-idUSL8N2BL0KG.
It starts out sounding like big news only to say they sold it to a company owned by the Russian government.
That sounds like more Russian protection of assets.
