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Russia's Rosneft, Venezuela's PDVSA Agree to Increase Oil Trade

© AP Photo / Mikhail Metzel, FileA plaque for the Rosneft Oli Company is seen outside the company headquarters in Moscow, Russia, in this file file photo dated Thursday, Oct. 18, 2012
A plaque for the Rosneft Oli Company is seen outside the company headquarters in Moscow, Russia, in this file file photo dated Thursday, Oct. 18, 2012 - Sputnik International
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Rosneft and Venezuela's PDVSA agreed to increase cooperation in the oil trade.

Igor Sechin - Sputnik International
Oil Prices to Increase in 2-3 Years - Russia's Rosneft
MOSCOW (Sputnik) Russian oil giant Rosneft and Venezuela's PDVSA agreed to increase cooperation in the oil trade, Rosneft announced Thursday.

The corresponding agreement was signed Thursday by Rosneft CEO Igor Sechin and PDVSA president Eulogio Del Pino.

The enterprises agreed on the details for the possible deliveries of Rosneft's Urals oil to Venezuela for processing in PDVSA refineries, a Rosneft press release said.

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