Repsol - Guacamaya

Which actors are shaping the configuration of Venezuela’s oil market in recent weeks?

Luis Alejandro Ruiz2 weeks ago2 weeks ago013 mins

Venezuela’s oil industry is undergoing a period of reconfiguration marked by a partial increase in domestic refining, new U.S. licenses that are energizing exports and gas projects, the return of supertankers to its terminals, expectations of foreign investment, India’s presence in light of the agreement with the United States, challenges stemming from past debts, the IMF’s interest, and prospects for economic reactivation in the country’s oil-producing regions.

Venezuela reopens the oil tap: Repsol to receive crude as Shell advances gas plans and ConocoPhillips keeps its distance

Luis Alejandro Ruiz1 month ago1 month ago011 mins

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

Political dialogue with opposition sectors and meetings with oil companies Repsol and Maurel & Prom shape Venezuela’s agenda

Luis Alejandro Ruiz1 month ago1 month ago010 mins

The National Assembly, led by its president, Congressman Jorge Rodríguez, held a series of key meetings with social, economic, political, and cultural sectors of the country, as well as with various actors from the Venezuelan opposition, within the framework of the Program for Peace and Democratic Coexistence. At the same time, the national Executive advanced its economic agenda through high-level meetings with international oil companies, reinforcing calls for foreign investment and dialogue as central pillars of the current national context.

Repsol seeks agreement with U.S. to collect debt from Venezuela

Luis Alejandro Ruiz5 months ago5 months ago03 mins

The Spanish oil company Repsol is in advanced talks with the Donald Trump administration to receive more than 330 million euros (about 387 million dollars) in crude oil and derivatives as part of the payment for the debt that Petróleos de Venezuela S.A. (PDVSA) has with the company.

Repsol Maintains Its Commitment to Venezuela Despite Sanctions and Seeks Agreement with U.S. to Monetize Its Production

Luis Alejandro Ruiz8 months ago8 months ago04 mins

Repsol remains “hopeful of finding some kind of framework” to “monetize” its production in Venezuela amid ongoing discussions with the U.S. government under Donald Trump, as stated by the group’s CEO, Josu Jon Imaz, during the presentation of its first-half earnings.

Delcy Rodríguez States That Joint Ventures with Chevron, Repsol, Eni, and M&P Remain in “Full Production”

Elias Ferrer10 months ago10 months ago03 mins

Venezuela’s Vice President and Minister of Hydrocarbons, Delcy Rodríguez, stated that oil fields operated in partnership with U.S. and European companies remain in “full production”.

Repsol in Talks with U.S. to Maintain Operations in Venezuela

Elias Ferrer11 months ago11 months ago03 mins

This Wednesday, Josu Jon Imaz, CEO of Repsol, shared that the Spanish company is in direct talks with the U.S. government to continue operating in Venezuela.