The Venezuelan state oil company PDVSA signed a memorandum of understanding with Spain’s Repsol on Tuesday, June 16, in the oil and gas sectors as part of the national strategy to recover productive capacity and attract investment.

 

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“The agreement was signed at Miraflores Palace by Héctor Obregón, president of PDVSA, and Francisco Gea Pascual de Riquelme, executive director of Exploration and Production at Repsol. Josu Jon Imaz, the company’s CEO, also participated and highlighted the company’s more than three decades of experience in the country.”

Repsol is expected to work jointly with PDVSA to reach new technical and commercial agreements.

M.Pino

Source: finanzasdigital

(Reference image source:  Social Network X, @PDVSA)

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Nicolás Maduro, President of Venezuela, indicated during a meeting with economic sector officials that the country is ready for international investment in oil and gas.

The president emphasized the importance of creating a “comprehensive, national economic model, articulated with the world and that fulfills three fundamental elements: production, supply, and export.”

Maduro declared that during the month of February, the nation produced 1,058,000 barrels of oil per day and reiterated his promise in January, upon assuming his new mandate, that Venezuelan oil fields “will continue producing, growing, and consolidating their production.”

Maduro said: “No one in this world will be able to remove us from the equation of global energy stability and security. No one can exclude us from an equation of which we are a part.”

M.Pino

Source: rcnradio

(Reference image source: Rodeo Project Management Software on Unsplash)

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La entrada Venezuela is open to international investment in oil and gas apareció primero en Bitfinance.