PDVSA and Repsol sign framework agreement to reactivate oil joint venture
epa11036382 Venezuela's Minister of Popular Power of Petroleum, Pedro Rafael Tellechea, speaks during an agreement signing ceremony in Caracas, Venezuela, 18 December 2023. The state-owned Petroleos de Venezuela (PDVSA) and the Spanish multinational Repsol signed a framework agreement to reactivate a mixed company and its 'seven annexes,' in which the European company has a 40 percent stake, with the aim of 'contributing to momentum and growth of the oil industry,' the Venezuelan company said on 18 December. EPA/Rayner Pena
