Russian companies in Venezuela are not experiencing any problems resulting from the escalation in the political situation in the country and have not incurred any losses on the oil they produce there, Russia’s Energy Minister Alexander Novak told news outlet Gazeta.ru in an interview . “Our companies present there [in Venezuela] are following the situation very closely. To date, we have no information about any problems or losses. Work is going as usual,” Novak said. Rosneft and Gazprom are among the foreign companies still present in Venezuela. Lukoil’s trading arm Litasco, however, exited the country as soon as the United States imposed the latest round of sanctions against the Maduro government, targeting specifically state oil company PDVSA. “Litasco does not work with Venezuela. Before the restrictions were imposed, Litasco had operations to deliver oil products and to sell oil. There were swap operations. Today there are none, since the […]