HOUSTON, TEXAS (By Pietro D. Pitts, Editores Latin Petroleum, 10.Nov.2026, Words: 102) — Petróleos de Venezuela SA (PDVSA) and Texas-based ExxonMobil signed a memorandum of understanding (MOU) that marks the US oil giant’s return to hydrocarbon operations in the OPEC country.
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The signing ceremony, broadcast on 10 Nov. 2026 in Venezuelan state television, was led by Venezuela’s interim president Delcy Rodríguez, who explained the agreement covers both brown and green fields, which hold significant reserves estimated at billions of barrels.
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By Pietro D. Pitts reporting from Houston. © 1999-2026 Energy Analytics Institute (EAI) and its 100% owned Venezuelan affiliate Editores Latin Petroleum CA. All Rights Reserved.
