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.
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.
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & Energy
Countries: ItalySpainUnited StatesVenezuela
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story