Rosneft elbows PDVSA aside on Venezuela service contracts

World Oil | Dec 8, 2019 at 12:00 AM
  • A subsidiary of Rosneft has taken over some contract discussions with local service providers in Venezuela, stepping in for PDVSA on joint projects with the state-owned oil company.
  • Most international oil companies and trading houses have avoided buying oil from PDVSA since the sanctions were imposed.
  • Repeated attempts to reach Precision Drilling by phone in Anaco were unsuccessful.