Venezuela is intending to open an office of its oil giant PDVSA in Russia, Venezuelan Oil Minister Manuel Quevedo said Monday.
“We continue to strengthen our cooperation [with Russia] and plan to open an office of PDVSA in Russia”, Quevedo said at the OPEC-non-OPEC meeting in Baku.
In January, US National Security Adviser John Bolton stated that the United States was imposing sanctions against Venezuelan state-owned oil company PDVSA, adding that it will block $7 billion in PDVSA’s assets.