An approved refusal agreement to sell Petromonagas to Russian state-owned company
The National Assembly rejected the agreement that provided for the sale of state company of Petromonagas hydrocarbons to Russian national company Rosneft. According to deputies, the government would have violated several constitutional dictates going to deal with Rosnfet without the consent of Parliament. Also more according to some Parliamentarians, the President of Petromonagas, Eulogio Del Pino, would not provide to the competent Parliamentary Commission the documents about the relationships between and Petromonagas Rosnefet, which according to deputies already owns 40% of Venezuelan society. To make matters worse the debts of the Petromonogas are sides to $ 70 billion and that over the past 9 years would lower production by 35%, causing loss to the state approximately of $ 12 billion of gains.