On Monday, the data for the state registry showed that Russia has established an oil firm named Roszarubezhneft right after the country’s energy major Rosneft sold its Venezuelan business to an unnamed government company.
The new firm’s charter capital was set at RUB322.7 billion (USD4 billion).
A source familiar with the process said that the government has curbed its Rosneft’s holding to lower than a majority stake as part of its deal to purchase the group’s assets in Venezuela.
