Spain's Repsol wins back control of Venezuelan oil operations, FT says

Repsol is set to regain operational control of its Venezuelan oil assets after signing a deal with the South American government, which should support a production rebound. The development is positive for Repsol’s upstream operations and adds exposure to an emerging-market energy producer, though details on volumes and timing were not disclosed.

Analysis

Repsol is set to regain operational control of its Venezuelan oil assets after signing a deal with the South American government, which should support a production rebound. The development is positive for Repsol’s upstream operations and adds exposure to an emerging-market energy producer, though details on volumes and timing were not disclosed.