ST PETERSBURG, Russia (Reuters) - Russia’s top oil producer Rosneft will get 70,000 barrels per day of oil exports this year from Venezuela under a loan deal involving U.S. firm Citgo, Venezuelan oil minister Nelson Martinez said on Friday.
He also said at an economic forum in St Petersburg that Venezuela’s state oil company PDVSA has been discussing five new joint projects with Rosneft, including Petropiar, and is hoping to clinch the deals soon.
Citgo was put up as collateral in a Rosneft deal with PDVSA. The firm is the U.S. refining and marketing unit of PDVSA.
Reporting by Dmitry Zhdannikov; Writing by Vladimir Soldatkin; Editing by Alexander Winning