PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.Apr.2026, Words: 480) — Spain’s Repsol signed an agreement with the Venezuelan Ministry of Hydrocarbons and the state-owned company Petróleos de Venezuela (PDVSA) related to boosting production in the OPEC country.
The agreement is subject to conditions being met, that will allow it to increase production of oil at Petroquiriquire (PDVSA, 60% WI and Repsol, 40% WI), ensure payment mechanisms, and strengthen the operational framework for its activities in the country.
