19:16 GMT +315 December 2019
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    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

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

    © AP Photo / Mikhail Metzel, File
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    Rosneft and Venezuela's PDVSA agreed to increase cooperation in the oil trade.

    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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