Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
Russia suggests setting up international coalition for demining operations in SyriaRussian Politics & Diplomacy March 25, 1:08
One person dies in fire at gunpowder factory in Russia's KazanWorld March 24, 21:47
Russia's 'Gentlefan' baton passed on to Krasnodar ahead of Cote d’Ivoire friendlySport March 24, 21:34
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).