oilprice
Nicolas Maduro has ordered an office in Europe of Venezuela’s state oil firm PDVSA to be moved to Moscow, Venezuelan Vice President Delcy Rodriguez said on Friday after meeting with Russia’s Foreign Minister Sergey Lavrov in the Russian capital.
Russia is one of Maduro’s key supporters in the political power struggle in the Latin American country sitting on top of the world’s largest oil reserves, while the U.S. and many European nations have recognized Venezuelan opposition leader Juan Guaidó as the legitimate interim president.
Russia has stood by Maduro for years and has poured billions of U.S. dollars in Venezuela in the form of loans and oil investments, even when all other Venezuelan allies—including China—have shown reluctance to continue lending money to Maduro’s regime.
After meeting with Russia’s Lavron today, Venezuela’s Executive Vice President Delcy Rodriguez said that “President Nicolas Maduro instructed the Lisbon branch of PDVSA to close this office and relocate the office to Moscow.”
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Nicolas Maduro has ordered an office in Europe of Venezuela’s state oil firm PDVSA to be moved to Moscow, Venezuelan Vice President Delcy Rodriguez said on Friday after meeting with Russia’s Foreign Minister Sergey Lavrov in the Russian capital.
Russia is one of Maduro’s key supporters in the political power struggle in the Latin American country sitting on top of the world’s largest oil reserves, while the U.S. and many European nations have recognized Venezuelan opposition leader Juan Guaidó as the legitimate interim president.
Russia has stood by Maduro for years and has poured billions of U.S. dollars in Venezuela in the form of loans and oil investments, even when all other Venezuelan allies—including China—have shown reluctance to continue lending money to Maduro’s regime.
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