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Russia’s Rosneft Plans to Sell All Assets Related to Venezuela

MOSCOW—In an unexpected move, Russian state oil giant Rosneft announced that it would halt all activities in Venezuela and sell all its assets related to activities in the country.

“Today, Rosneft entered into an agreement with a company 100% owned by the Government of the Russian Federation on the sale of shares and termination of its participation in all projects in Venezuela, including shares in the production enterprises of Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, in oil-service enterprises…

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