Link Securities | Repsol, Spain’s largest oil company, has estimated that it can recover €4.55 billion from Venezuela, which is currently trapped in the country, according to the newspaper Expansión. The figure includes loans and outstanding invoices from PDVSA, the state-owned hydrocarbon monopoly. It also includes the accounting provisions that Repsol has been making for years to cover the impairment of its assets in the country, given the chaotic situation…

Repsol, in a consortium with the Hungarian firm Mol and the Turkish company TPOC, has been awarded blocks in the first public bidding round for oil and gas exploration held by Libya’s National Oil Corporation (NOC) in two decades. Alongside the Spanish, Hungarian, and Turkish firms, other winners in this auction—which aims to revitalize the African nation’s oil sector—include the Eni-Qatar Energy consortium, as well as the American giant Chevron…

Alphavalue/Divacons | The new general licence issued by the US Treasury authorises ENI (Reduce, Target Price €18.4/share) and Repsol to collect PDVSA’s accumulated debt, estimated at around $6 billion, through the exchange of Venezuelan heavy crude oil for fuels. After producing gas without receiving direct payments, this measure re-establishes a crucial channel for value recovery, albeit under a stricter US regulatory framework that prohibits the use of Chinese-controlled infrastructure. Given…

Link Securities | Repsol (REP) will install its second large-scale electrolyser at its Petronor refinery in Muskiz (Vizcaya), according to Bolsamanía. The new 100 MW infrastructure will require an investment of €292 million to be operational in 2029. The electrolyser will have the capacity to produce up to 15,000 tonnes of renewable hydrogen per year, which will be used mainly in the Petronor refinery’s own processes. As part of the…

Repsol CEO Josu Jon Imaz has stated that the company is prepared to “invest heavily in Venezuela” and triple its crude oil production in the Caribbean nation to approximately 135,000 barrels per day. According to the company, this goal can be achieved within two or three years if the necessary conditions are met. The executive attended a meeting at the White House with U.S. President Donald Trump, alongside other high-ranking…

Alphavalue/Divacons | Repsol (REP) is meeting with the White House to clarify its future in Venezuela, according to a report in Thursday’s edition of the newspaper Expansión. Repsol has reportedly asked Trump to allow it to extract oil as Chevron has done, even if it has to take it to the United States. As we pointed out yesterday, the Spanish oil company is the Spanish company with the greatest economic…