US EditionEquinor Won’t Return To Venezuela, Undercutting Fast Plans To Revive Oil Output
4 Articles
4 Articles
Equinor Won’t Return To Venezuela, Undercutting Fast Plans To Revive Oil Output
Key Points Equinor’s CEO says a Venezuela comeback is not on the table, despite Washington’s push to raise output. Venezuela’s heavy crude and damaged infrastructure make quick production gains unlikely without massive, sustained investment. The debate matters for U.S. refiners and global supply expectations, but timelines look longer than politics suggests. Equinor, Norway’s state-backed energy […]
LILLESTRØM (E24): The Equinor CEO has no plans to re-enter Venezuela, and is trying not to be overwhelmed by global unrest. – This is the new normal.
It's only been just over four years since Equinor sold out of Venezuela. CEO Anders Opedal says a comeback is out of the question "at this time." He also lifts the veil on Empire Wind.
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