Venezuela reopens the oil tap: Repsol to receive crude as Shell advances gas plans and ConocoPhillips keeps its distance
Two million barrels of Venezuelan oil will be shipped to the Spanish oil company Repsol, according to export schedules released this week. This is the first significant shipment destined for Spain. Meanwhile, Shell says it expects to produce gas from the Dragón field, located in Venezuelan waters, within approximately three years, with processing in Trinidad and Tobago for subsequent export. The American oil company ConocoPhillips, however, has made it clear that it is not considering any return to operations in Venezuela