Repsol has signed a new agreement with Venezuela and PDVSA to boost oil output at Petroquiriquire, strengthen payment mechanisms, and enhance operations under its 2023 framework.
Backed by US licence GL 50A, the company aims to raise production by 50 per cent within a year and triple it in three years, reinforcing its long-term energy presence in the country.
Backed by US licence GL 50A, the company aims to raise production by 50 per cent within a year and triple it in three years, reinforcing its long-term energy presence in the country.
