Russia's Rosneft, Venezuela's PDVSA agree to increase oil trade

Jun 18, 2015 12:00 AM

Russian oil giant Rosneft and Venezuela's PDVSA agreed to increase cooperation in the oil trade, Rosneft announced.

The corresponding agreement was signed Thursday by Rosneft CEO Igor Sechin and PDVSA president Eulogio Del Pino.

The enterprises agreed on the details for the possible deliveries of Rosneft's Urals oil to Venezuela for processing in PDVSA refineries, a Rosneft press release said.

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