Repsol CEO Josu Jon Imaz comments on Venezuela situation, Cardon IV production

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 22.Feb.2024) — Repsol CEO Josu Jon Imaz commented on the Spanish company’s operations in Venezuela under Washington’s most recent OFAC license.

“We are putting the same metrics we had in November before the license approved by the American administration at the end of the year. That means that we are taking a prudent position. We are taking a position where we are mainly producing gas,” Imaz said 22 Feb. 2024 during the company’s quarterly webcast with analyst.