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Russia sets up oil company as Rosneft leaves Venezuela (Reuters)
Russia sets up oil company as Rosneft leaves Venezuela (Reuters)
Last Modified: 08:07 PM, Mon Mar 30, 2020
30 March 2020
MOSCOW (Reuters) - Russia has sets up an oil company called Roszarubezhneft just as energy giant Rosneft sold its business in Venezuela to an undisclosed company owned by the Russian government, the data for the state registry showed on Monday.
According to the registry, Roszarubezhneft's charter capital was set at 322.7 billion roubles ($4 billion). A source familiar with the details told Reuters that the Russian state has cut its holding in oil giant Rosneft to below a majority stake as part of its deal to buy the group's Venezuelan assets, announced over the weekend.
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Creditline: Reuters
Slugline: RUSSIA-OIL/COMPANY (URGENT)
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DataSource: The column 'Attributes' specified in the SEMANTICSIMILARITYTABLE, SEMANTICKEYPHRASETABLE or SEMANTICSIMILARITYDETAILSTABLE function is not full-text indexed with the STATISTICAL_SEMANTICS option. The column must be full-text indexed using the STATISTICAL_SEMANTICS option to be used in this function.