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Major Venezuelan oil company registers office in Moscow, facilitates oil trade with China, India

Major Venezuelan oil company registers office in Moscow, facilitates oil trade with China, India

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Venezuelan state-owned oil company Petróleos de Venezuela, or PDVSA, has registered its office in Moscow. The move comes after Russian state oil major Rosneft last month became the main trader of Venezuelan crude. “We’ve registered PDVSA in the Russian jurisdiction,” Venezuela’s minister for oil Manuel Quevedo told reporters on Wednesday. In July, Quevedo stated that Russia had asked PDVSA to register its own legal entity in the country to help ensure the work of the Moscow representative office of the company. The PDVSA office was opened in Moscow in March, on the instruction of Venezuela’s President Nicolas Maduro. It replaces the company’s Portuguese branch.
Source: Major Venezuelan oil company registers office in Moscow, facilitates oil trade with China, India

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