France’s Maurel & Prom Inks $400 Mln Investment Deal In Venezuela

(Energy Analytics Institute, Piero Stewart, 7.Jan.2019) — Venezuela’s Oil Minister and PDVSA President Manuel Quevedo announced that the state oil company had signed an investment agreement with the French company Maurel & Prom to increase oil production in Lake Maracaibo in Zulia state with an investment of $400 million.

Details were revealed in a twitter post by Venezuela’s Communications Ministry.

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© Energy Analytics Institute (EAI)

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