The embattled president has met with Repsol's regional executive director for Europe, Africa, Asia, Brazil and Venezuela, José Carlos de Vicente Bravo, and Repsol's general manager, Luis García Sánchez.
Venezuelan President Nicolás Maduro received several representatives of the energy company Repsol at the Miraflores presidential palace on Tuesday to advance new energy cooperation agreements in the country.
The president met with Repsol's regional executive director for Europe, Africa, Asia, Brazil and Venezuela, José Carlos de Vicente Bravo, and Repsol's general manager, Luis García Sánchez.
Although company sources consulted by Europa Press have avoided making comments regarding the meeting, Maduro has assured in his television program on the Venezuelan state channel VTV that in Spain "we have extraordinary prospects for development."
This meeting takes place in the midst of a diplomatic escalation between Spain and Venezuela and just ten days after the executive vice president of the South American country, Delcy Rodríguez, met with the director of the energy company's business unit in the territory with the aim of discussing "alliances with companies" and advancing plans for "energy cooperation."
The Vice President and Minister of Petroleum of Nicolás Maduro assured that the collaboration with the Spanish company has allowed the expansion of the production of medium and light crude oil in various oil projects in the country.
According to state media, the "synergies" between Repsol and Venezuela are reinforcing the country's commitment to consolidate its position as a "leader in the global energy market."
REPSOL'S BUSINESS IN VENEZUELA
Repsol arrived in Venezuela in 1993 to develop the upstream business throughout Latin America. Today, it has a 40% stake in the joint venture Petroquiriquire, together with the Venezuelan Petroleum Corporation, which operates in the fields of Quiriquire, in the state of Monagas, and Mene Grande and Barúa Motatán, in the states of Zulia and Trujillo.
It also has a 50% stake in Cardón IV, a project it co-owns with the Italian energy company ENI and whose main activity is the production and sale of gas in Venezuela.
Regarding the situation in the country, in its latest annual accounts, Repsol noted an improvement in operating prospects as a result of the relaxation of coercive measures by the United States Government towards Venezuela.
