Rosneft and PDVSA Signed a Second Long-Term Contract for Supplies of Oil and Oil Products

Rosneft Group and PDVSA signed a long-term contract for supplies of oil and oil products of Venezuelan production.

The document envisages the supplies of over 1.6 mln t of oil and 9 mln t of oil products to the Rosneft Group within 5 years.

Commenting on the signing Rosneft Head Igor Sechin said: “I would like to emphasize the growing volume of cooperation between Russia and Venezuela in the oil sector. I thank the Vice-president and Minister of Foreign Affairs of Venezuela Rafael Ramirez and the new Head of PDVSA Eulogio del Pino for their support in the implementation of new projects”