14 May 2020 11:39

Roszarubezhneft gets Rosneft stake in National Oil Consortium with asset in Venezuela

MOSCOW. May 14 (Interfax) - Russian state-owned oil company Roszarubezhneft has received control over 80% of the National Oil Consortium (NOC), via which Rosneft owned a major producing asset in Venezuela.

According to data of the Uniform State Register of Legal Entities, LLC Private Security Company RN-Okhrana-Ryazan, which passed into the ownership of Roszarubezhneft at the end of April, became the owner of 80% of the NOC this week.

RN-Okhrana-Ryazan, which was formerly part of the Tyumen Oil Company, has as of yet not made its mark for anything among Rosneft's security structures. Until recently, its charter capital was a modest 250,000 rubles. As of May 1, coinciding with the change of owner, it was immediately increased to 322.75 billion rubles, the same amount of charter capital as Roszarubezhneft, which the state created just before the deal with Rosneft, has itself.