Venezuela signed a gas supply agreement with oil companies Repsol and Eni
Acting President Delcy Rodríguez signed an agreement to 'guarantee gas supply' with oil companies Repsol and Eni.
TL;DR
- Venezuela signed an agreement with Repsol and Eni to guarantee gas supply.
- The agreement aims to ensure gas for national development, domestic consumption, and exports.
- This follows a reform of Venezuela's Hydrocarbons Law.
- Petróleos de Venezuela (PDVSA) also signed an agreement with Shell for technical and financial cooperation.
- Venezuela's oil production increased by 10% in February, exceeding one million barrels per day.
- This marks five consecutive years of growth in oil production since 2021.