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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Demoting the environment

At the recent UN climate summit President Nicolás Maduro gave a speech on global warming highlighting the fact that "Capitalism has ignored over decades nature's capacity to load and recover," and, accordingly, "if we want to change climate, we need to change the system."

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