The President in Charge of the Bolivarian Republic of Venezuela, Delcy Rodríguez, welcomed at Miraflores Palace executives from the Spanish Repsol company for the signing of an understanding memorandum on oil and gas matters with Petróleos de Venezuela S.A. (PDVSA).
The document was signed by the president of the state-owned oil company, Héctor Obregón, representing Venezuela, and by Francisco Gea Pascual de Riquelme, Executive Director of Exploration and Production and Member of the Executive Committee of Repsol.
Following the signing, Josu Jon Imaz, CEO of Repsol, highlighted the strategic value of the solid track record that unites the multinational with the country. Following this, the president of PDVSA addressed those present.
The main industry of Venezuela and Repsol are strategic partners with over three decades of continuous collaboration, committed to advancing important alliances that foster foreign investment in the country and the development of its productive forces.
Repsol, a global energy company founded in October 1987 in Madrid, Spain, operates across the entire value chain, from oil and gas exploration and production to refining, marketing, and the development of renewable energy. It serves as a strategic and commercial bridge between Europe and Venezuela, opening up a broad market for the country.
Meanwhile, PDVSA is a secure and reliable partner responsible for the national production, distribution, and marketing of oil reserves, thus strengthening its energy security for its partners, and beyond, for countries and multilateral organizations such as OPEC and OPEC+.