Repsol Regains Operational Control of Venezuelan Oil Assets
Repsol signed a deal with Venezuela to regain control of its oil assets. The agreement allows the Spanish firm to lead operations and boost local production.
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The energy firm REPSOL SA is preparing to take back operational control of its oil-related assets in Venezuela, according to a report from the Financial Times on Thursday. This development follows a newly signed agreement with the local government, which is expected to facilitate a significant increase in crude production.
