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Post: Novak says Russia is interested in boosting oil production in Venezuela


A man with a Venezuelan flag in front of the PDVSA building in Caracas. archive photo

Deputy PM Novak: Russia interested in increasing oil production in Venezuela

MOSCOW, December 15 – RIA Novosti. Russian Deputy Prime Minister Alexander Novak said that Russia is interested in increasing oil production in existing projects in Venezuela and Venezuela is in favor of Russian companies continuing their work in the country.

He reminded that before the sanctions imposed on Venezuela, many oil and gas companies from all over the world – Europe, America, Russia – worked in the country. But after the sanctions, everyone left the country except Russia. Novak also mentioned the American Chevron, which plans to return to Venezuela after the sanctions are eased.

As Novak reminds, Russia and Venezuela have been cooperating in the energy sector for a long time, and the countries already have 5 joint projects. “Today we are expanding this cooperation, including with the gas industry. We have two projects in the future,” the Deputy Prime Minister said.

“In these projects we participate in, we are interested, for our part, in increasing production, on-time deals and product sales. Venezuelans not only approve, they want our companies to continue operating in Venezuela,” Novak said on the air. TV channel “Russia 1”.

Source: Ria

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