Rosneft to Pay $500 Million to Boost Stake in Venezuela Oil

  • Russian company to own 40% of Petromonagas crude project
  • Venezuela, Rosneft sign gas deal for Mariscal Sucre offshore

Russia’s Rosneft OAO agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture.

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