You are here: Home » Reuters » News
Business Standard

Rosneft says lent Venezuela's state oil firm a total of $6 billion

Reuters  |  MOSCOW 

MOSCOW (Reuters) - Russia's largest oil producer Rosneft said on Tuesday it had made around $6 billion in pre-payments to Venezuelan state oil company PDVSA and had no immediate plans to make any further advance payments soon.OPEC member Venezuela is struggling to pay back creditors as its economy endures triple-digit inflation and chronic shortages of food and medicine.Last Friday, Venezuela inaugurated a new legislative superbody that is expected to rewrite the constitution and give vast powers to President Nicolas Maduro's ruling Socialist Party, defying protests and worldwide condemnation ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, August 08 2017. 20:52 IST
RECOMMENDED FOR YOU