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Home »Business & Finance » Industries & Sectors » Russia’s Rosneft says has Citgo stake as collateral in Venezuela’s PDVSA deal

BERLIN: Igor Sechin, the head of Russia's largest oil producer Rosneft, said on Thursday the company received a stake in Citgo firm as collateral in its deal with Venezuela's state oil company PDVSA.

Sechin said it got the collateral as Rosneft made prepayment to PDVSA for oil supplies. Citgo is the US refining and marketing unit of PDVSA.

 

Copyright Reuters, 2017
 

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