14:49 GMT +315 December 2019
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    Storage tanks stand in a PDVSA state-run oil company crude oil complex near El Tigre, a town located within Venezuela's Hugo Chavez oil belt, formally known as the Orinoco Belt

    Moscow, Caracas in Talks Over Joint Gas Development on Venezuelan Shelf

    © AP Photo / Fernando Llano
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    According to Russia's ambassador to Venezuela, Rosneft is engaged in talks with Caracas on joint gas development.

    MEXICO CITY (Sputnik) – Russian energy company Rosneft has begun talks with Caracas on joint gas extraction on the southern shelf of Venezuela, the Russian ambassador to the country said.

    "Now we are working on Rosneft possibly beginning to work jointly with the Venezuelans on gas development on the shelf," Vladimir Zayemsky told RIA Novosti.

    Talks on the issue are underway, the ambassador said.

    In June, Rosneft and Venezuela's state-owned PDVSA confirmed their determination to create a joint natural-resource extraction venture for gas and condensate production on the Venezuelan shelf.

    Companies actively cooperating in implementing five major joint projects are: PetroMonagas, Petroperija, Boqueron, Petrovictoria and PetroMiranda.


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    gas development, PDVSA, Rosneft, Russia, Venezuela
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