Alphavalue / Divacons | The Venezuelan government, through PDVSA, and Spanish oil company Repsol and Italian oil company Eni have signed a gas supply agreement. According to Delcy Rodríguez, the agreement ‘guarantees gas supplies’ in Venezuela for national development and domestic consumption. The government also expressed its willingness to promote new partnerships in oil and gas to increase production.
Rodríguez thanked both companies for remaining in Venezuela during the ‘hardest times.’ The agreement includes the exploitation of Cardón IV, one of the largest gas fields in Latin America, which currently has a production of 580 million cubic feet of gas per day.
