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 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.
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”.
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.
