The matter concerns Petropiar enterprise for the extraction of extra-heavy crude oil near the Orinoco River.
According to Reuters news agency, this indicates to a difficult economic situation in the country and Moscow's success at the same time. 70% of the enterprise’s shares owned by PDVSA, 30% belong to American oil corporation Chevron. The enterprise includes a field and an extraction unit with a capacity of 210 thousand barrels per day.
Two sources told Reuters that the proposal is part of a larger package of proposals for Rosneft, what is connected with the fact that PDVSA needs money to pay off debts to suppliers and redeem bonds.