Exclusive: PDVSA in credit talks with Rosneft, Eni, Repsol, Statoil – exec

23 Nov 2017   Venezuela

Venezuela’s PDVSA is in talks with Russia’s Rosneft, Italy’s Eni, Spain’s Repsol, and Norway’s Statoil to get credit for oil and gas projects, a company executive said on Wednesday, in a bid to reverse a slump in output to an almost 30-year low.  Venezuela and state-run oil company Petróleos de Venezuela, S.A., or PDVSA  are seeking fresh funding as the country works to refinance $60 billion of debt in the face of U.S. sanctions against what the White House calls President Nicolas Maduro’s “dictatorship.” “We are speaking to our allies, with our strategic partners, which are Rosneft, Eni, Repsol, Statoil, and they are willing to continue working with us, to continue financing our projects to boost crude and gas […]

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