Energy
29 August 2023, 5:24 pm 1 minute
Reuters exclusively reported that European oil majors Eni (ENI.MI) and Repsol (REP.MC) plan to expand an oil-for-debt deal with Venezuela under U.S. approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries to Europe.
Market Impact
U.S. President Joe Biden’s administration is drafting a proposal that could ease sanctions on Venezuela’s oil sector, allowing more companies and countries to import its crude oil, if the South American country moves toward a free and fair presidential election.
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: AmericasEurope
Countries: ItalySpainUnited StatesVenezuela
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
