PDVSA owes Cardon IV partners Eni and Repsol $1bn

(Energy Analytics Institute, Piero Stewart, 25.May.2018) ‐- Venezuela’s state oil company Petróleos de Venezuela owes an estimated $1bn to its partners in the Cardón IV natural gas project offshore.

Gas Energy Latin America partner Antero Alvarado told Petroguía in interview that Caracas-based PDVSA is accumulating estimated monthly expenses of $60mn for the purchase of gas from Repsol and Eni.

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