Venezuela's state oil firm reports decline in debt from Russia's Rosneft at USD 2.3 bn

Venezuelan state oil company PDVSA's principal amount of debt to Russian oil producer Rosneft stood at $2.3 billion at the end of the fourth quarter, down from $3.1 billion at the end of the previous three months, Rosneft said on Tuesday.

The oil producer said its outlook for crude oil and gas condensate production in 2019 implied growth of between 3 and 4.5 per cent from 2018 levels, depending on the implementation of a global oil output deal in the first half of the year.