Venezuelan parliament does not let Igor Sechin

Opposition-controlled parliament intends to request information from the Russian embassy about the Rosneft deal, which was completed in late March.
08.04.2020
RBC
Origin source
The Opposition-controlled Venezuelan National Assembly has launched an investigation into the sale by Rosneft of assets in the country to an unnamed Russian state-owned company. It is reported by Reuters.

Parliament intends to appeal to the Russian embassy in Caracas with a request to provide information about this transaction.

RBC sent a request to the press service of Rosneft.

The fact that Rosneft will cease its work in Venezuela and sell its assets there, it became known on March 28. A Rosneft report said it entered into an agreement with a company 100% owned by the Russian government to sell shares and terminate participation in all projects in Venezuela, including shares in the oil companies Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, in oilfield services enterprises and trade operations. The government press service confirmed the acquisition of Venezuelan assets of the company from Rosneft.

A few days later it became known that on the day Rosneft left Venezuela, the Federal Property Management Agency established a new company, Roszarubezhneft. Its general director was Nikolai Rybchuk. His full namesake is an ex-military attaché and a representative of the Federal Service for Military-Technical Cooperation (FSVTS) in Angola. In this country, in the mid-1980s, the head of Rosneft, Igor Sechin, served.

The Rosneft press service explained the sale of assets in Venezuela with a desire to lift the sanctions imposed by the United States against its subsidiaries for "working in the oil sector of the Venezuelan economy." These are Rosneft Trading and TNK Trading International S.A.

US authorities have explained the withdrawal of Rosneft from Venezuela with a collapse in oil prices. The State Department’s Special Representative for Venezuela, Elliot Abrams, said the US would lift the sanctions on Rosneft Trading if it received evidence that the company was no longer involved in the Venezuelan oil industry.

Governance

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