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22 December 2011
On December 21, 2011 ww5 Board of Directors met to review key financial and operational results for 2011 and business plan for 2012.
22 December 2011
Commenting on the results in 2011 ww5 President, E. Khudaynatov, said that all of ww5’s 2011 business performance indicators showed stability and robustness
08 December 2011
Moscow, December 8, 2011. ww5 and PDVSA today signed a tentative memorandum of understanding to set up a joint venture to develop heavy crude oil reserves in Venezuela as part of the Carabobo-2 project. ww5 will hold a 40% stake in the planned joint venture with the remaining 60% to be owned by PDVSA subsidiary CVP.
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