CARACAS: Russian oil giant Rosneft will pay Venezuela US$1.1 billion to take part in a joint oil-extraction venture in the crude-rich southeast, Energy Minister Rafael Ramirez announced Wednesday.
That payment would come on top of $1.5 billion in earlier agreed to financing provided by the Russian firm for the project, Ramirez said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!