"The parties confirmed their intention to create a joint venture for gas and condensate offshore production in Venezuela as part of Mariscal Sucre project. The signed document provides for performing of additional joint research aimed at selection of optimum plan of this project implementation," the press release read.
On Thursday, Rosneft announced that the two enterprises agreed on the details for possible deliveries of Rosneft's Urals oil to Venezuela for processing in PDVSA refineries.
The companies actively cooperate in the implementation of five major joint projects: PetroMonagas, Petroperija, Boqueron, Petrovictoria and PetroMiranda.
According to PDVSA head Eulogio Del Pino, Rosneft's investments into joint projects with the Venezuelan oil and natural gas company could reach $1.2-$1.3 billion in 2015.