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Re: mick post# 14

Friday, 03/17/2017 12:12:34 PM

Friday, March 17, 2017 12:12:34 PM

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Reuters: Venezuela’s PDVSA offers Rosneft oil stake
Venezuela has offered Russian oil producer Rosneft (OTC:RNFTF) a 10% stake in a joint venture in its Orinoco Belt extra-heavy crude area, in a sign of the country's dire economic situation and Russia's growing influence there, Reuters reports.
State-run PDVSA owns 70% and Chevron (NYSE:CVX) holds 30% of the Petropiar venture, which includes an oil field and a 210K bbl/day oil upgrader.
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