Reuters estimated Rosneft's investments in Venezuela at $9 billion. The company called it "women's gossip"
According to Reuters, Rosneft has invested $9 billion in projects in Venezuela since 2010. Reuters evaluated the Russian company's investments in Venezuelan projects based on Rosneft's financial statements, internal documents, and public statements by its management between 2012 and 2015. The documents, the agency notes, show that the return on investment was less than Rosneft had forecast, and there was a $700 million hole in the balance sheet of the joint venture with state oil company PDVSA.