What is the latest status of the project “Repsol Oil Operations Reactivation in Venezuela”?

The status recorded for “Repsol Oil Operations Reactivation in Venezuela” is awarded.

What is the budget and commercial profile for the project “Repsol Oil Operations Reactivation in Venezuela”?

Taiyo normalizes the budget of “Repsol Oil Operations Reactivation in Venezuela” to USD 4900736500.

Where can I verify the source and access all details for “Repsol Oil Operations Reactivation in Venezuela”?

This Taiyo project page references CiberCuba along with the original URL (https://en.cibercuba.com/noticias/2026-04-16-u1-e13-s27061-nid326091-repsol-recupera-control-sus-operaciones-petroleras). Taiyo standardizes official data into a consistent, searchable project profile.

Repsol Oil Operations Reactivation in Venezuela

Awarded · Venezuela · Last reported Apr 2026

Source: CiberCuba

Project

Awarded

Repsol regained direct operational control of its oil assets in Venezuela through a new agreement with the interim government and PDVSA. The agreement includes a guaranteed payment mechanism to prevent defaults and aims to increase production from 45,000 barrels per day to more than triple within three years. This follows easing of US sanctions and a strategic gas agreement for the Cardón IV proje

Status: Closed
Sector: Government, Oil and Gas
Location: Venezuela
Updated: 22 Jul 2026
Source: CiberCuba

ConstructChat

Ask ConstructChat about Repsol Oil Operations Reactivation in Venezuela

Pick a question to edit it, or write your own.

First answer free · no account

I am a

Project Information

4 Q

The project “Repsol Oil Operations Reactivation in Venezuela” is an infrastructure initiative in the Government sector, located in Venezuela. Taiyo aggregates data on it from CiberCuba.

Participants

Not available for this record.

Status

Original status	awarded
Taiyo status	Closed
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Repsol regained direct operational control of its oil assets in Venezuela through a new agreement with the interim government and PDVSA. The agreement includes a guaranteed payment mechanism to prevent defaults and aims to increase production from 45,000 barrels per day to more than triple within three years. This follows easing of US sanctions and a strategic gas agreement for the Cardón IV project with Eni.
Original sector	Energy
Budget

Location

Country

Venezuela

Source

Source	CiberCuba
URL

More Details

Record type	Project
Sector	Government, Oil and Gas
Article published date	2026-04-19

Research

Free account

View all details

You are reading the public part. A free account opens the rest:

Every detail on this project
News and media coverage
Technical research

View all details

Free account · no card · lands you back on this project

Repsol Oil Operations Reactivation in Venezuela

Ask ConstructChat about Repsol Oil Operations Reactivation in Venezuela

Project Information FAQ

Project Information

Research

View all details

More Government projects in Venezuela