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Eastern Europe

Venezuelan State Oil Company PDVSA Moves Lisbon Office To Moscow

As pressure from the United States increases on the Marxist government of Nicolas Maduro in the oil-rich nation of Venezuela, the dictator is moving national assets to a ‘safe space’. The state oil company PDVSA is moving its international office in Lisbon to the Russian capital Moscow.

President of Venezuela Nicolas Maduro ordered to close the Lisbon office of the national oil and gas company PDVSA and relocate it to Moscow, Executive Vice President of the country Delcy Rodriguez said on Friday at a press conference with Russian Foreign Minister Sergey Lavrov, reported Russian state news agency TASS.

“President Nicolas Maduro instructed the Lisbon branch of PDVSA to close this office and relocate the office to Moscow,” said Executive Vice President of the country Delcy Rodriguez.

“This is done in line with our plans to expand technical cooperation in the oil production area with Rosneft, with Gazprom. The moment now is the most suitable to do so. We are changing the format of our relations,” Rodriguez said.

Russia has billions in loans to Venezuela and has entered into talks with Caracas to establish a Russian military base in the Latin American country on America’s doorstep.

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