Browsing Tag

oil industry

The United States approved Repsol’s license to continue operating in Venezuela and studies other requests

The United States granted a license to the Spanish company Repsol to continue operating in Venezuela after May 31. Meanwhile, the Treasury is studying applications from between 20 and 50 companies that wish to do business with the South American country in the hydrocarbon sector. In the case of…

PDVSA-Repsol agreement will contribute to the revitalization of the oil industry

The president of the Venezuelan company PDVSA, Pedro Tellechea, indicated this Monday that they achieved the signing of a framework agreement with the Spanish company Repsol with the aim of reactivating the Petroquirquire joint venture. The…

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Venezuelan PDVSA seeks to reactivate 27,966 oil wells in the state of Zulia

Among the production objectives of the Venezuelan oil company PDVSA are plans to “restart drilling after five years of inactivity, even before the relaxation of sanctions,” as leaked by Reuters. In this sense, the president of the oil…

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Fragility of the oil industry limits its recovery

Asdrúbal Oliveros, economist and director of Ecoanalítica, stressed that the Venezuelan oil industry is experiencing "an unprecedented fragility and vulnerability in the country" that limits the recovery of the oil sector, despite…