- Oil majors, including ExxonMobil and ConocoPhillips, are seeking to restart production and secure durable contracts for Venezuela's vast oil reserves.
- The US is seeking investment to revive Venezuela's struggling oil sector, with talks focused on heavy crude reserves in Monagas state.
Rystad Energy analyzes Venezuela's oil sector and production challenges, offering competitive fiscal terms for a new oil deal.
1 report, 1 independent
Updated Sep 2
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What happened
Rystad Energy analyzes Venezuela's oil sector and production challenges, offering competitive fiscal terms for a new oil deal.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The US is seeking investment to revive Venezuela's struggling oil sector, with talks focused on heavy crude reserves in Monagas state.Also in this story
- Trump administration supports Venezuela's reintegration process and aims for a $100 billion investment in its oil sector.
- Negotiations are underway for the Petromonagas oil project in Venezuela, involving Trump and major oil companies.
The entities involved
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Venezuela
Country in Latin America
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Rystad Energy
Norwegian energy research company
Related events
- Oil deals are being struck between Iran and Venezuela.
- Strategic objective is set to monetize oil reserves as the government mandates structural reforms for investment in the sector.
- A bilateral agreement has been reached between two countries, including Venezuela, to establish cooperation in the energy, food, tourism, and agricultural sectors.
- Expanding crude output via private deals in Venezuela.
- Oil flows to U.S. reserves via government demand, alongside plans to invest $7 billion in Venezuelan oil production.