Venezuelan oil company PDVSA signs agreement with Spain's Repso
The president of PDVSA and Minister of Petroleum, Pedro Tellechea, signed this Monday a new framework agreement with the Spanish company Repsol for the administration of the mixed company Petroquiriquire and seven annexes that make up the company, which operates in the states of Monagas, Zulia and Trujillo. teleSUR
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00:00 Monday, the Venezuelan state-owned oil company PDVSA and the Spanish oil company Repsol
00:04 signed a framework deal for administering a joint venture. The deal establishes the basis
00:09 that will allow improving activities of the Petro-Quericquile joint venture. This paramount
00:15 breakthrough has an impact on the Western Division, which is located south of the Maracaibo Lake,
00:20 in the northwestern Venezuelan territory, and Furiol Division in the eastern region.
00:25 Repsol has been operating for 30 years in Venezuela, and this deal ratifies the
00:29 binational cooperation and consolidation of the plan to strengthen the national oil industry.