GlobalNews411

Comprehensive reporting, aggregated for speed.

allentown

Repsol to Regain Control of Venezuelan Oil Assets

Spanish energy group Repsol said it reached an agreement with the Venezuelan government to regain control of its oil business and to sharply increase production over the coming years.

Published Apr 16, 2026, 5:13 AM EDT | WFMZZ

Spanish energy group Repsol said on Thursday it has reached an agreement with the Venezuelan government to regain control of its oil business in the country. The company said it will sharply increase production over the coming years.