Rosneft Cautious of PDVSA Gas Deal on Local Sales: Official

Rosneft OAO is hesitant to join the Mariscal Sucre natural gas project if future production will only go to the domestic market, said a company official from an industry event Wednesday.

The Moscow-based producer is still discussing its possible participation in the project off the coast of eastern Venezuela, said the official, who asked not to be named in line with company policy. Petroleos de Venezuela SA President Eulogio del Pino was scheduled to travel Wednesday to Russia to try to secure Rosneft’s investment in the project, according to company officials questioned about the absence of PDVSA’s president at Venezuela’s largest oil event.