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.

Telechea highlighted that this agreement lays “the foundations to promote the activities” of the Petroquiriquire company, “which includes the Quiriquire, Mene Grande and Barua-Motatan fields, which is extremely important for both Spain and Venezuela.”

For his part, Francisco Gea Pascual del Riquelme, general director of Exploration and Production and member of the Executive Committee of Repsol, stated that the signing of this agreement will contribute to “promote the industry, society and the relationship not only between the Spanish oil company and PDVSA, but between both nations.”

Venezuela is beginning to regain stability in trade relations with other countries after the relaxation of United States sanctions, to lay the foundations for a firm economy as the year 2024 approaches.

Con la firma de acuerdos entre PDVSA y Repsol sentamos las bases para impulsar las actividades de la empresa mixta Petroquiriquire. Un nuevo paso para el fortalecimiento de las capacidades de nuestra industria, siempre abierta al diálogo y la cooperación para el beneficio común. pic.twitter.com/QtHUjBZDIk

— Rafael Tellechea (@TellecheaRuiz) December 18, 2023

M.Pino

Source: finanzasdigital

(Reference image source: @TellecheaRuiz, social network X)

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