PDVSA and Eni signed agreements for a production-sharing contract and strategic alliance to restore electrical infrastructure.

The entities involved

• PDVSA →

  Venezuelan government-owned oil company

  • PDVSA, Venezuela's state oil company, signed a crude and gas agreement with Repsol to regain operational control of assets in Lake Maracaibo.Mon 04:49
  • The United States claims a 20 percent stake in Venezuelan oil reserves, which are managed by PDVSA.Sun 00:37
• Eni →

  multinational oil and gas company based in Italy

  • Eni stations in Florence are experiencing queues due to high consumer demand.Mon 17:45
  • IMF previously warned Cyprus regarding its fiscal policy, and Eni operates petrol stations in Italy.Mon 16:23

Related events

• TotalEnergies signed an energy cooperation agreement with PDVSA, seeking international investment in the Venezuelan energy sector.Sep 20
• Primavera, PDVSA, and ExxonMobil signed production-sharing contracts, while Coinbase co-founded a crypto exchange platform.Sep 11
• Chevron Corporation is expanding oil production and maintaining its presence in Venezuela despite regional disruptions and complex regulatory environments.Sep 8
• PDVSA is involved in a joint venture with Maha Energy Indiana, Inc., which is managed by KEO Energy.Aug 28
• Shell has secured preliminary agreements for access and joint ventures within Venezuela's oil sector.Aug 4