Title for Episode VIII of world’s famous saga ‘Star Wars’ revealedSociety & Culture January 23, 21:19
Russia’s chief negotiator: Astana format gives hope for new level in negotiating processRussian Politics & Diplomacy January 23, 20:52
Astana talks focusing on mechanism of Syria ceasefire observance — oppositionWorld January 23, 20:23
Russia and Turkey hit Islamic State targets near al-Bab in Aleppo provinceWorld January 23, 20:06
Russia’s 4th Yasen-class submarine completes hydraulic testsMilitary & Defense January 23, 18:56
Arctic airport in search for investorsBusiness & Economy January 23, 18:50
Rosneft begins Arctic shelf’s seismological exploration from 2017Business & Economy January 23, 18:38
Tesla takes the lead in sales of electric cars in Russia in 2016Business & Economy January 23, 18:18
Politician says European-style reforms to degrade Ukraine’s economyWorld January 23, 18:16
CARACAS, July 29. /TASS/. Rosneft and Venezuela's PDVSA are considering construction of power generation facilities in Venezuela, Rosneft said on Friday.
"Rosneft and PDVSA with the involvement of Inter RAO - Export discussed possible cooperation options in development of Venezuela's electricity. The companies discuss possibility of constructing power generating facilities running on petroleum coke, gas, coal, and hydro potential. This will replace the existing power plants running on diesel fuel and direct the released volume of oil products to the market," the statement said.
Rosneft and PDVSA are going to develop feasibility study for development of Venezuelan shelf, research is scheduled to be completed by mid-2017. The corresponding document was signed in the framework of Rosneft CEO Igor Sechin working visit to Venezuela, the company said on Friday.
The results of the study will be send to the relevant Venezuelan Ministry of People's Power for Petroleum and Mining to determine potential tax benefits and conditions of commercialization of the project resources, according to a press release.
At the end of the signing ceremony Sechin said that the development of cooperation in the gas sector is an important new element of the partnership between Rosneft and PDVSA. "A significant resource potential of shelf fields and a favorable geographical position allows companies to effectively monetize hydrocarbons through LNG deliveries to premium Asia-Pacific markets, among others. These markets are currently considered as priority areas for marketing products," he said.