“Gazprom oil” can pass to the Russian state its assets in Venezuela to 20% in National oil consortium (NOC). This company is a partner of PDVSA in developing the Junin-6 block. Until recently, control in the NOC owned Rosneft, but that spring out of the assets in Venezuela by selling them to the Russian state. According to head “Gazprom oil” Alexander Dyukov, the company is ready to discuss the same scheme, but negotiations yet.”Gazprom oil” is ready to consider possibility of sale of the package at National petroleum consortium, told reporters the head of the oil company Alexander Dyukov. “Given the current macroeconomic situation, we, as the second party after the release of “Rosneft” in principle, we could consider implementing its stake in public companies by analogy with that deal, which concluded “Rosneft”. But we are still inside the company, such a possibility is not discussed any substantive discussions with anyone we didn’t have,” said Mr. Dukes.Now “Gazprom oil” owns 20% in NNK, the rest of the former subsidiary of “Rosneft” “RN-Okhrana-Ryazan”. After this year, Rosneft announced the release of all the Venezuelan assets, but this structure is moved to the balance owned by the Russian Federation “of Roszarubezhcentre”. According to Alexander Dyukov, “Gazprom oil” has not yet been negotiated with the “Roszarubezhcentr”.As part of the transaction “Rosneft” has transferred its assets in Venezuela “of Roszarubezhcentre”, getting the balance of 9.6% of its stock. This transaction occurred shortly after the US imposed sanctions on trade structure “Rosneft” Rosneft Trading. These sanctions are still not lifted. Against the background of us sanctions, production in Venezuela has fallen to the level of 1945, less than 0.4 million barrels per day.NOC owns 40% in the JV with the Venezuelan state company PDVSA in developing the Junin-6 block in the Orinoco basin. NOC was established in 2008 on the initiative of the present head “Rosneft” Igor Sechin, who was at that time Vice-Premier of the Russian Federation. In the consortium with equal shares included Rosneft, TNK-BP, LUKOIL, “Surgutneftegaz” and “Gazprom Neft”. In the end, LUKOIL and Surgutneftegaz left the project, and TNK-BP was acquired by Rosneft in 2013. Partners valued the resources of the Junin-6 block 195 billion tonnes, production should reach about 22 million tons of oil per year. Investment in the project is estimated at $10-15 billion in the last year “Gazprom Neft” intends to take a decision on this project. “We are not planning to leave the consortium. We have information on it. This project is now at the exploration stage. There is early production, which allows the cash flow generated to Finance the exploration stage,”— said Alexander Dyukov.Dmitry Kozlov
