Overview
- Roszarubezhneft stated that all of its Venezuelan holdings are Russian state property acquired at market value with approvals from Venezuelan regulators.
- The company said it will continue to honor commitments, develop projects, and coordinate with international partners, citing five producing joint ventures with PDVSA.
- The firm emphasized long-term, strategic energy cooperation with Venezuela and said it operates in strict compliance with national and international law.
- Roszarubezhneft noted it has focused resources on sustaining production since 2020 and has not received dividends from the Venezuelan assets.
- The declaration follows U.S. actions that include the capture of Nicolás Maduro, his court appearance in New York, a pledge by President Trump to oversee Venezuela’s oil sector with U.S. firms, and the seizure of a Russia-flagged tanker, as Russia’s Foreign Ministry urges Maduro’s release.