Eni, Repsol to upgrade oil-for-debt deal with Venezuela



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

Source link


Please enter your comment!
Please enter your name here

Enable Google Transliteration.(To type in English, press Ctrl+g)