MOSCOW/CARACAS, April 20. /TASS/. Russian oil giant Rosneft majority owned by the government plans to buy out Russian energy giant Gazprom subsidiary Gazprom Neft’s 20-percent stake in the National Oil Consortium producing oil in Venezuela, a source close to the consortium told TASS.
"You are right," the source said when asked whether Rosneft, which holds 80% in the consortium, plans to increase its share in it to 100% by buying Gazprom Neft’s stake.
He added that Venezuela’s state oil and gas company PDVSA, the National Oil Consortium’s partner on development of the Junin-6 deposit, is interested in Rosneft’s operation in Venezuela.
Gazprom Neft refused to comment. A source close to Gazprom Neft said the company is not yet ready to sell its share. A Rosneft spokesman told TASS "the company is not currently holding talks on the buyout of a stake."
PDVSA President Eulogio Del Pino said: "It’s the two Russian companies’ business." He was speaking during PDVSA strategy presentation to major international media.
Del Pino said an increase in Rosneft’s share would be good for his company.