ESPACIO PUBLICITARIO
CARACAS, Monday January 28, 2013 | Update
 
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HYDROCARBONS

Russian TNK-BP sells Rosneft its stake in Petromonagas

Pdvsa President Rafael Ramírez specified that TNK-BP assigned its 16.7% share in upgrader Petromonagas to Rosneft. The remaining 83.7% will be held by Pdvsa

Pdvsa holds 83.7% of the shareholding in upgrader Petromonagas (File photo)
EL UNIVERSAL
Monday January 28, 2013  04:13 PM
Oil company TNK-BP, the third largest oil driller in Russia, has sold its interest in the Venezuelan joint venture Petromonagas to Russian state-oil holding Rosneft, Venezuelan Minister of Petroleum and Mining and President of state-owned oil company Petróleos de Venezuela (Pdvsa), Rafael Ramírez, disclosed on Monday.

Pdvsa President Rafael Ramírez specified that TNK-BP assigned its 16.7% share in upgrader Petromonagas to Rosneft. The remaining 83.7% will be retained by Pdvsa, Reuters cited.

Ramírez said that an investment plan with Rosneft for USD 37.71 billion up to 2012 is expected to be made formal on Tuesday.
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The rock of discord

A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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