Reuters report on Russia's Rosneft negotiating to swap its collateral in Venezuelan-owned, U.S.-based refiner Citgo for oilfield stakes and a fuel supply deal
Says Reuters: a move to avoid complications from U.S. sanctions, two sources with knowledge of the negotiations
Under a new proposal being discussed this week in Moscow by top executives from Rosneft and PDVSA, the collateral stake in Citgo would be exchanged for a package of eight key deals, one of the sources with knowledge of the talks said.
