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Russia's Rosneft, Venezuela's PDVSA Agree to Increase Oil Trade

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Rosneft and Venezuela's PDVSA agreed to increase cooperation in the oil trade. 18.06.2015, Sputnik International

2015-06-18T09:18+0000

2015-06-18T09:43+0000

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Russia's Rosneft, Venezuela's PDVSA Agree to Increase Oil Trade

09:18 GMT 18.06.2015 (Updated: 09:43 GMT 18.06.2015)

A plaque for the Rosneft Oli Company is seen outside the company headquarters in Moscow, Russia, in this file file photo dated Thursday, Oct. 18, 2012 - Sputnik International

Rosneft and Venezuela's PDVSA agreed to increase cooperation in the oil trade.

Oil Prices to Increase in 2-3 Years - Russia's Rosneft

17 June 2015, 17:18 GMT

MOSCOW (Sputnik) – Russian oil giant Rosneft and Venezuela's PDVSA agreed to increase cooperation in the oil trade, Rosneft announced Thursday.

The corresponding agreement was signed Thursday by Rosneft CEO Igor Sechin and PDVSA president Eulogio Del Pino.

The enterprises agreed on the details for the possible deliveries of Rosneft's Urals oil to Venezuela for processing in PDVSA refineries, a Rosneft press release said.