Russia’s largest oil producer Rosneft said on Tuesday the political upheaval in Venezuela was only temporary, while the country had cut its debt, and expected its own total oil output to grow in 2019. Kremlin-controlled Rosneft’s operations in Venezuela have come into focus as the country has plunged into political turmoil and the United States imposed sanctions on state oil company PDVSA last week. PDVSA is paying debt back to Rosneft via oil supplies. Rosneft’s operations in Venezuela have come to public attention amid a power struggle between the National Assembly and pro-Moscow President Nicolas Maduro. In a presentation on its website, Rosneft said Venezuelan state oil company PDVSA’s principal amount of debt to Rosneft stood at $2.3 billion at the […]