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23:33 20-04-2018
Minister reveals a new strategy for housing construction in Russia
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Five plants for wood waste processing to be built by Chinese in Russia
21:02 20-04-2018
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Syrians ask Russian companies to build housing in Damascus and Aleppo
23:37 19-04-2018
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23:05 19-04-2018
Pushkin Museum seeks contractor for reconstruction of a manor house
22:34 19-04-2018
Lithuania’s first Marriott hotel to be built on the site of an old stadium
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Foreigners rent elite cottages in Moscow region for 2018 World Cup
21:22 19-04-2018
Sports complex with a 3D facade will be built in Moscow
20:15 19-04-2018
Dutch architect Winy Maas to talk about modern housing at Kaliningrad forum
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Czechs and Americans bought out all offices in Metropolis complex in Moscow
23:09 18-04-2018
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22:11 18-04-2018
Experts name the cheapest resort destinations in Europe
21:32 18-04-2018
Gazprom and Saudi Aramco will create a joint coordinating committee
21:07 18-04-2018
$1,9 billion to be allocated for capital construction of military facilities in Russia
20:53 18-04-2018
A kindergarten with Spanish graffiti will be built in Moscow
20:14 18-04-2018
High-tech diamond enterprise will be set up in Moscow
19:51 18-04-2018
Two new metro stations to be built in northern Moscow
23:54 17-04-2018
High-speed railway from Vladimir to Nizhny Novgorod airport is approved
23:03 17-04-2018
Russian scientists developed a transport model for Cote d'Ivoire
22:47 17-04-2018
Prosecutor General's Office will closely monitor Vostochny Cosmodrome project
22:12 17-04-2018
Volvo launches a new line of rock haulers
21:50 17-04-2018
Experts reveal why there are more new houses in USA
20:24 17-04-2018
Japanese-Russian medical centers to be set up all over Russia
19:50 17-04-2018
More fast food outlets will emerge in Moscow
23:36 16-04-2018
Apartments in Trump Tower have lost their appeal for buyers
23:14 16-04-2018
$15,7 billion invested in Dubai real estate in 2018
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Venezuelan Parliament refuses to approve Rosneft and PDVSA deal as illegal

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Venezuelan Parliament refuses to approve Rosneft and PDVSA deal as illegal

On Thursday, the National Assembly of Venezuela adopted a resolution against the sale of a stake in Petromonagas to Russian oil company Rosneft, TASS news agency reports citing the Republican parliament’s website.


As a reference, the highest body of the legislative power is controlled by the opposition to the current president Nicolas Maduro.

Last year, Rosneft acquired 23,3% stake in Petromonagas, a joint enterprise of the Russian company and PDVSA, the Venezuelan state-owned oil and natural gas corporation. Thus, Rosneft increased its share up to 40%. Apart from that, Rosneft and PDVSA participate in four joint projects on oil production in Venezuela.

According to Venezuelan parliamentarians, the transaction with Petromonagas violates the constitution, which states that any government contract with foreign companies must be approved by the National Assembly. Moreover, the members of Parliament suppose that $500 million payment for the stake is insufficient, since, according to the surveys of a number of oil industry experts, the price of the shares has to be much higher.

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