PRESS RELEASE

PDVSA and Realiance Industries Ltd evaluate new business opportunities

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Thursday, June 28, 2018

This press release from PDVSA was published using an automatic translation system.

The Minister of Popular Power of Petroleum and President of Petróleos de Venezuela, SA (PDVSA), Manuel Quevedo, received the authorities of the Indian company Realiance Industries Ltd., to evaluate new business opportunities and promote technical exchanges on processes and better Refining practices.

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The representation of Reliance was headed by Jayaraman Rajamaran, chief executive of the Department of Commerce of Crude and Products, Shipping and Operations. Both oil companies will hold workshops this week to deepen productive relations.

The company Realiance Industries Ltd., is one of the main commercial partners of PDVSA and owns the most important refining complex in the world, Jamnagar.

In addition, the head of the Venezuelan oil portfolio held a working meeting with Didier Casimiro, vice president of the Russian oil company, Rosneft, to evaluate the joint projects and consider new opportunities for the strengthening of strategic relations.