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BackRussia establishes Roszarubezhneft oil company with $4.066 billion charter capital
Russia establishes Roszarubezhneft oil company with $4.066 billion charter capital
NEWS
TASS1 hour agoBusiness1 min readRussia

Russia establishes Roszarubezhneft oil company with $4.066 billion charter capital

roszarubezhneftrosneftvenezuela

Quick Look

Russia registered Roszarubezhneft oil company in Moscow on March 28, 2020 with a charter capital of $4.066 billion, following Rosneft's announcement to cease operations and sell assets in Venezuela.

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Why It Matters

Rosneft announced plans to stop operations and sell assets in Venezuela prior to the registration of Roszarubezhneft.

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Russia sets up Roszarubezhneft oil company with charter capital of $4.066 billion

The company was registered in Moscow on March 28, 2020 when Russia’s oil major Rosneft announced its plans to stop its operation and sell its assets in Venezuela

Open Questions

  • What specific assets from Venezuela will be transferred to Roszarubezhneft?
  • How will Roszarubezhneft's operations differ from Rosneft's previous Venezuela operations?
  • What is the ownership structure of Roszarubezhneft?

Related Topics

roszarubezhneft
OrganizationsRoszarubezhneftRosneft
PlacesMoscowVenezuela
Topicsrosneftvenezuelamoscowoil companycharter capitalmarch 28 2020
This article was originally published by TASS.

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