Middle East Economic Survey


No 14


Repsol YPF To Boost Presence In Venezuelan Oil, Gas And Power Sectors

Repsol YPF announced on 29 March that it would be signing several memoranda of understanding (MOUs) with Venezuelas state energy firm PDVSA covering oil, LNG and power. Repsol said the agreements would heighten the companys presence in the region and significantly increase its hydrocarbon production and reserves in Venezuela. The first MOU outlines the creation of a...