Venezuela reportedly gives Russia control of gas deposits near TT

Venezuela President Nicolás Maduro (L) pose with Russian President Vladimir Putin

This week, Nicolás Maduro gave two new gas deposits to Russia, offering up 100% of the project and all gas rights exploited, according to a report on online news service Panam Post. The report, published on June 14, said this is further evidence that Vladimir Putin is challenging the US government in the region, and reinforcing his plans to stay in the South American country.

According to the report, Putin approved the plans on Thursday, June 13, whereby the Russian government controlled Rosneft company will enjoy the option to export all the gas extracted in both deposits.

These are the Patao and Mejillones deposits, located to the north of the Paria peninsula and which are part of the Mariscal Sucre Project, in northeastern Venezuela, close to Trinidad and Tobago.

Rosneft already participates as a minority partner in several joint oil production projects in Venezuela, such as Petrovictoria, Petromonagas and Petromiranda, in the Orinoco oil belt, as well as Boquerón and Petroperijá, in the state of Zulia.

In March of this year, Nicolás Maduro decided to move the Petroleos de Venezuela office from Lisbon to Moscow to strengthen the strategic partnership between the two countries.

Source: Panam Post