VENEZUELA REPSOL SPAIN

PDVSA and Repsol sign framework agreement to reactivate oil joint venture

epa11036379 Venezuela's Minister of Popular Power of Petroleum, Pedro Rafael Tellechea (R), exchanges documents with Francisco Gea Pascual de Riquelme (L), Exploration and Production (E&P) general director and member of the Repsol executive committee, after the signing of an agreement 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

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