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Rosneft and Venezuela to cooperate

Staff writer |
Rosneft President Igor Sechin and People's Minister for Energy & Petroleum, PDVSA President Rafael Ramirez of Venezuela, signed an agreement to arrange the training of citizens of the Bolivarian Republic of Venezuela in Rosneft partner universities.

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The document was signed in Caracas during the visit of Igor Sechin to Venezuela. As part of the agreement, Rosneft will consider the possibility to cover training, accommodation costs and scholarships for graduates of Venezuelan educational establishments, who take part in the program.

The company also intends to cover insurance costs, costs of travels to the place of training and back, and to address immigration formalities. In particular, Rosneft proposes to arrange the training of Venezuelan citizens in the Russia State Oil and Gas University named after I.M. Gubkin in Moscow.

They also signed a Cooperation Agreement to implement offshore projects in Rio-Caribe and Mejillones blocks (Phase II of the Mariscal Sucre Project).

As part of the document, the parties express their interest to continue negotiations with the goal of reaching an agreement on key technical requirements, commercial and legal terms for the potential establishing of joint ventures to develop Rio-Caribe and Mejillones blocks in accordance with legislation of Venezuela. The parties also held negotiations on LNG plant construction.

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