Spanish energy giant Repsol has signed a fresh agreement with Venezuela to explore new oil-rich territories, strengthening its long-standing presence in the country. Having operated there since 1993, the company is doubling down on South American crude despite regional complexities. It is a high-stakes game of energy chess that has the global markets watching closely.

Repsol ha reivindicado que con este acuerdo la compañía “refuerza su compromiso con Venezuela, donde opera de forma ininterrumpida desde 1993”