Spain’s Repsol will sign an agreement Wednesday to expand the acreage on a joint venture with PDVSA, as a deadline on a US oil sanctions nears, Venezuela’s Oil Minister Pedro Tellechea said in a press conference.
- Venezuela state oil company PDVSA and Repsol negotiated new acreage of 377.17 square kilometers for jointly-run venture Petroquiriquire in the western part of the country
- New acreage enables Respsol to develop more oil
- Expansion approved by the National Assembly Tuesday
- NOTE: <-bsp-bb-link state="{"bbDocId":"SC355QDWRGG0","_id":"0000018e-ec6a-d583-afbf-eefe32c90000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">US to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly-bsp-bb-link>
To contact the reporter on this story:
<-bsp-person state="{"_id":"0000018e-ec6a-d583-afbf-eefe32cb0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Dale Quinn-bsp-person> in Mexico City at ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.