Gazprom to grant credit to an oil company of Venezuela

The state-run oil company of Venezuela is going to obtain a credit in the amount of $1 billion from Russian “Gazprom”, the Seattle Post-Intelligencer writes.

The Minister of Oil of Venezuela, R.Ramires asserted that the credit will help the company PDVSA to reduce its debt burden and speed up the development of the joint project  with Gazprom project in the western state of Sulia.