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 initiative will give a strong boost to the oil industry.…
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oil industry
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…
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…
Venezuelan oil production fell 4% in July
Despite the resounding fall, in recent months it has stabilized around a pumping of about 700,000 barrels per day (bd). The data were incorporated into the monthly report released in Vienna by the Organization of Petroleum Exporting…
Venezuelan external debt financed current expenditure and not investment
In recent months, Venezuela's external debt has been a subject of national and international interest, due to the implications of liquidity and reliability of financing that the nation presents or has.
The manager of corporate finance and…