Russia's Rosneft sees Venezuela crisis as temporary, not expect decline in oil output

Russian oil producer Rosneft does not expect oil output to decline at its projects in Venezuela this year, Rosneft's First Vice President Eric Liron said on a conference call on Tuesday.

Rosneft's operations in Venezuela have come into focus as the country has been plunged into political turmoil and the United States imposed sanctions on state oil company PDVSA last week. Rosneft sees the current situation in Venezuela as temporary, Liron said.