Eni, Repsol want more Venezuelan oil, but short-term upside likely marginal
November 7, 2023 Comments Off
Eni and Repsol have envisaged more liftings and production of Venezuelan oil in the coming months with a temporary US sanctions relief, even as analysts expect shipments from the South American country to be curbed by geopolitical uncertainty and decades of underinvestment. On Oct. 18, Washington announced that sanctions on Venezuela’s oil sector would be eased for six months in…
Eni, Repsol want more Venezuelan oil, but short-term upside likely marginal
Eni and Repsol have envisaged more liftings and production of Venezuelan oil in the coming months with a temporary US sanctions relief, even as analysts expect shipments from the South American country to be curbed by geopolitical uncertainty and decades of underinvestment. On Oct. 18, Washington announced that sanctions on Venezuela’s oil sector would be eased for six months in…
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