Petróleos de Venezuela (PDVSA) and Spain’s Repsol have signed an agreement to increase oil and gas production in Venezuela, including new exploration opportunities around Lake Maracaibo, Reuters reported on Tuesday.
Venezuela’s state oil company PDVSA and the country’s Ministry of Hydrocarbons have signed a memorandum of understanding with the African Energy Chamber (AEC) aimed at strengthening cooperation and investment across the oil and gas value chain.