US EditionSpain's Repsol Reveals Massive $5.4 Billion Debt From Venezuela
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Spain's Repsol Reveals Massive $5.4 Billion Debt From Venezuela
Repsol has nearly $5.4 billion in receivables to collect from Venezuela, the Spanish group said in its annual 2025 report on Thursday. Venezuela owes Repsol 4.55 billion euros, or $5.36 billion, and this includes debt for oil and gas supplies, arrears in payment of interests, and financing for its Petroquiriquire joint venture with Venezuela’s state-held oil firm PDVSA, according to the report. Repsol also disclosed in a separate statement on…
Repsol has been operating in the country for more than three decades, has field staff and is an important partner of the Pdvsa
The energy giant has redirected its activities to more profitable markets. It is dealing with business in Venezuela and is recording debts from previous projects there.
The Spanish energy group Repsol has pending payment of 4.550 million euros (about 5,370 million dollars) by the Venezuelan State, according to its annual financial report published this Thursday.Recovering the outstanding debt has been a key issue for the Spanish company, which has been operating in Venezuela for more than three decades and is willing to increase production in its exploration and production business.
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