Rosneft and Venezuelan Corporacion Venezolana del Petroleo Sign Joint Venture Agreement
On May 23, an agreement to create a joint venture to develop heavy oil reserves in Venezuela in the framework of the Carabobo-2 project was signed in Barcelona, Venezuela, by Rosneft and the Venezuelan Corporacion Venezolana del Petroleo (CVP), a subsidiary of PDVSA. The agreement was signed by Rosneft President …
TNK-BP: Venezuelan JV PetroMonagas’s Production Increases 18% to 35.5 Million Barrels of Oil in 9 Months of 2012
TNK-BP announces an increase in oil production by JV PetroMonagas, a joint venture between TNK-BP (16.7%) and the Venezuelan state company PDVSA (83.3%), up to 35.5 million barrels in the first 9 months of 2012, which is 18% more than during the same period in 2011. Investment in project development …