PDVSA Sells 50% of Ruhr Oel

PDVSA Sells 50% of Ruhr Oel

Venezuela M&A

PDVSA has agreed to sell a 50% stake in Ruhr Oel GmbH to Russian oil and gas company Rosneft for $1.6bn excluding PDVSA's share of crude inventory and receivables to be valued at closing, according to the buyer. Ruhr Oel GmbH is a 50/50 downstream JV

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