Here are more details around the Rosneft purchase of PDVSA 50% German Refinery stakes. Russian-BP Partner (TNK-BP) will also purchase parts of 3 PDVSA assets: Petromanagas ~17%, Petroperija `40% and Bouqueron ~27%.
And PDVSA / Venezuela gets nuclear power plant sometime in future (having paranoid anti-US Chavez get Nuclear capability has rank alongside fear Iran getting Nuclear capabilities- since both are oil rich countries with little driving force in this direction).
Russians win no matter what with gain of ~20% Refining capacity located in heart Industrialised Europe and financial powerhouse Germany. This also continues their strategic shift of Cracking Refining capacity out Europe and into growing Coking Refinery capacity of Russia/CIS.
Regards
