Russian Oil Group Visits Venezuelan Oil Fields

Company officials from a Russian oil consortium were to visit Venezuela’s eastern oil-producing region Monday, an area where it plans to explore for extra-heavy crude.

Directors from Lukoil), Gazprom, Rosneft and other Russian firms, accompanied by Venezuela’s oil minister, planned to inspect an oil block that used to be controlled by the U.S. firm Conoco but after a nationalization is now 100% owned and operated by Venezuela state firm Petroleos de Venezuela, PdVSA.

WSJ