Donetsk water purification station recaptured from Ukrainian radicalsWorld February 26, 15:24
Russian skiers Ustyugov, Kryukov win team sprint at World ChampionshipsSport February 26, 15:23
Opposition activist Dadin sentenced for disorders at rallies leaves jailRussian Politics & Diplomacy February 26, 12:58
Aerospace Force chief says Russian army to get new combat jets and helicoptersMilitary & Defense February 26, 11:15
Mistura says Homs terror attacks attempt to derail Geneva talksWorld February 26, 5:49
Where to watch unique solar eclipse and spectacular ‘ring of fire’Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
Russian skier wins gold in skiathlon at 2017 FIS Nordic World Ski ChampionshipsSport February 25, 17:46
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).