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Rosneft CEO Set to Visit Venezuela to Develop Five Major Oil Projects

Sputnik International

Igor Sechin, the chief executive of Russia’s oil giant Rosneft, told reporters he was about to go to Venezuela, where his company is involved in five oil... 20.11.2016, Sputnik International

2016-11-20T03:18+0000

2016-11-20T06:15+0000

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Rosneft CEO Set to Visit Venezuela to Develop Five Major Oil Projects

03:18 GMT 20.11.2016 (Updated: 06:15 GMT 20.11.2016)

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Igor Sechin, the chief executive of Russia’s oil giant Rosneft, told reporters he was about to go to Venezuela, where his company is involved in five oil production projects.

Workers look at a drilling rig at a well pad of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016 - Sputnik International

Keep Calm: Plans for Sale of Russian Gov't Stake in Rosneft Remain Unchanged

16 November 2016, 14:58 GMT

LIMA (Sputnik) — Asked on the sidelines of the APEC economic leaders’ summit in Lima, Peru, when he planned to go to Venezuela, he replied "about right now."

This remark comes after Venezuela’s Oil Ministry said earlier in November that Sechin was coming to the country sometime this month, after his meeting with Oil Minister Eulogio del Pino in Moscow in October.

Venezuela has the world’s largest proven oil reserves. Rosneft extracts roughly nine million tonnes of crude oil a year in this South American country.