US disciplinary procedure against jailed Russian businessman Bout delayed — attorneyWorld June 27, 23:16
FIFA report on Russia’s 2018 World Cup bidding proves legitimacy of its win — deputy PMSport June 27, 21:08
FIFA report on Russia’s 2018 bidding dismisses Western media allegations — LOC chiefSport June 27, 19:53
Encrypting ransomware Petya attacks computers worldwide — Kaspersky LabBusiness & Economy June 27, 19:23
Kremlin says its computers not affected by hacker attackRussian Politics & Diplomacy June 27, 18:55
Security experts urge Putin, Trump to overcome disagreementsWorld June 27, 18:51
Jury to deliver verdict on Nemtsov murder case on June 28Society & Culture June 27, 18:42
Syrian president visits Russia’s Khmeymim airbaseWorld June 27, 18:17
National Guard to complete assigned missions both in Russia and abroadMilitary & Defense June 27, 18:10
CARACAS, April 20. /TASS/. The Vietnamese state corporation PetroVietnam and the American private company Harvest Natural Resources Inc are withdrawing from joint projects with PVDSA - Venezuela's state oil and gas company, PDVSA senior managers said on Sunday during a presentation of the company’s strategy for journalists.
PetroVietnam has a 40-percent stake in the joint venture Petromacareo, which develops a block in the north of the Junin field. Harvest owns a 32-percent stake in the Petrodelta JV, which produces about 40,000 barrels of oil per day in the northeast of Venezuela.
PDVSA Eulogio Del Pino said the company needs partners who invest their money, and not just take dividends. He said they have been offered good work conditions.
According to him, Harvest is leaving Venezuela because it cannot invest in the project.
Board member of Corporacion Venezolana del Petroleo (a PDVSA subsidiary) Ruben Figueira said PetroVietnam was negotiating the sale of its shares with some company, which is not Russian. There are fields nearby that could be merged, he said.
TASS has learned that the Petromacareo project is to be reorganised and integrated with other projects. The strategy for this project is in the process of change. It will possibly involve China’s CNPC and our other international partners a PDVSA source told TASS. The Junin field is being developed, in addition to Petromacareo, by the Petrourica JV (CNPC - 40%, PDVSA - 60%), Petrojunin (Eni - 40%, PDVSA - 60%), Petromiranda, (40% in which is held by the National Oil Consortium and 60% by PDVSA).