Saturday , January 16 2021

Russian oil company Rosneft says the debt of Venezuela falls to $ 3.1 billion



Rosneft increased its daily oil production in the third quarter by 3.4% per year

Venezuela owed Rosneft's Russian oil company $ 3,100 million for September 30, less than $ 3,600 million until June 30, according to the largest hydrocarbon producer in Russia.

Rosneft gave the detail when reporting its results for the third quarter, when its net benefits amounted to 142,000 million rubles ($ 2,150 million), driven by increased production and oil prices.

The company, which has BP and Qatar among its shareholders, produces approximately 40% of Russia's total oil and is the key to Moscow's efforts to establish closer ties with the Organization of Petroleum Exporting Countries (OPEC).

Rosneft increased its daily oil production in the third quarter by 3.4% per year.

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