Venezuela's PDVSA Signs Energy Cooperation Deal with TotalEnergies Subsidiary
Acting President Delcy Rodriguez oversaw the signing of an agreement between state oil company PDVSA and TotalEnergies E&P New Ventures in Caracas, according to Anadolu Agency.
Venezuela's state oil company, Petroleos de Venezuela (PDVSA), signed an energy cooperation agreement with TotalEnergies E&P New Ventures, a subsidiary of French energy giant TotalEnergies, Anadolu Agency reported.
The agreement was signed in Caracas under the oversight of Acting President Delcy Rodriguez, according to the report.
Anadolu Agency's report did not provide further details on the specific terms, scope or financial value of the agreement, nor did it specify the particular energy projects or sectors that would be covered under the new cooperation deal.
PDVSA has in the past sought partnerships with international energy firms to help develop Venezuela's oil and gas resources, which hold some of the world's largest proven crude reserves.
TotalEnergies has previously had operations in Venezuela's energy sector, though the scale and status of its current involvement in the country was not detailed in the available report.
Further details about the agreement, including its duration and specific commitments from both parties, were not immediately available.
Sources
- Venezuela, TotalEnergies subsidiary sign energy cooperation agreement — Anadolu Agency (Turkey)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Ukrhydroenergo expects €21M EIB tranche for hydropower plant repairs
Ukraine's state hydropower operator anticipates the first funding installment from the European Investment Bank to restore equipment and boost operational resilience.
Venezuela's Government and Opposition Resume Second Round of US-Backed Talks
Negotiators reconvened to discuss political guarantees, freedom of expression, political prisoners and judicial reform, according to Anadolu Agency.
Russia Casts Doubt on Armenia's Reasons for Nationalizing Electric Networks of Armenia
A senior Russian diplomat said Yerevan's move to take over the power distribution firm appears politically motivated rather than justified on the grounds cited by Armenian authorities.
Northern Ireland Economy Minister Accuses UK Minister of 'Mischief Making' Over Electricity Bill Post
A social media exchange over funding for a one-off electricity bill reduction has sparked a dispute between Stormont's economy minister and a UK government minister.
Hungary Plans to End Russian Gas Imports by October 2027, Minister Says
Economy and Energy Minister Istvan Kapitany said Hungary’s gas needs can be met from alternative sources, according to Russian news agency TASS
Georgia blames EU hybrid attack for collapse of Namakhvani hydropower project
Georgian Parliament Speaker says project failure may expose the country to $400 million arbitration claim from Turkish contractor ENKA.
Comments
Loading comments…