Ruhr Oil

"Instead of keeping the money to invest in domestic oil production, paying for the expropriations or buying even food and medicine for his people, Chavez went into debt to buy over $6 billion worth of weapons from Putin, including 92 T-72 tanks, 24 Sukhoi fighter jets, S-300 anti-aircraft missile systems, ...

In 2010, Venezuela President Hugo Chavez sold PDVSA's stakes in 4 Ruhr oil refineries in Germany to Rosneft for $1.6 billion, giving Rosneft a key foothold in the European market. Founded in 1992, Rosenft became the world's biggest oil and gas producer by volume (5.2 million barrels per day) through ...

In 2010, Venezuela President Hugo Chavez sold PDVSA's stakes in 4 Ruhr oil refineries in Germany to Rosneft for $1.6 billion, giving Rosneft a key foothold in the European market. Founded in 1992, Rosenft became the world's biggest oil and gas producer by volume (5.2 million barrels per day) through acquiring others.