The Italian oil company Eni presented a report last week reflecting a debt of $3.3 billion owed by Venezuela's state-owned PDVSA to the firm. This comes amidst negotiations between Venezuela and the United States regarding oil and the easing of sanctions in this sector.
Eni's annual report, which…
Read More...
Browsing Tag
oil industry
Oil industry recovery will favor the automotive sector in Venezuela
With the recovery of the Venezuelan oil industry, confidence is increasing in other economic sectors, such as the automotive sector. In this area, Carlos Rondón, president of the National Chamber of Commerce and Auto Parts (Canidra),…
International oil companies set demands to return to Venezuela
Donald Trump, President of the United States, is advancing his plans to maximize commercial profits from Venezuelan oil, calling on international oil companies to return to the South American nation.
These companies, however, have…
The United States approved Repsol’s license to continue operating in Venezuela and studies…
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…
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…
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…