Repsol regains control of Venezuelan oil assets after new deal
Spanish energy company Repsol has reached an agreement with the Venezuelan government and state oil company PDVSA to regain operational control of its oil assets in Venezuela.The deal includes a payment mechanism through oil shipments and aims to significantly expand production, with plans to triple output within three years.Repsol's Executive Managing Director of Exploration and Production, Francisco Gea, confirmed the company's commitment to Venezuela, where it has operated continuously since 1993.The agreement marks a reversal of previous operational constraints caused by US sanctions on Venezuela's energy sector.The new framework is expected to provide Repsol with greater financial security and help... [Continue Reading]
360LiveNews | 16 Apr 2026 13:32 LONDON
China and Russia express support for Cuba amid increasing U.S. pressures
In a significant diplomatic maneuver, both China and Russia have publicly expressed their unwavering support for Cuba's government, amid escalating pressures from the United States. This show of backing comes on the heels of a recent visit by Russian Deputy Foreign Minister Sergei Ryabkov to Havana, where he met with Cuban President Miguel Diaz-Canel. During this visit, Ryabkov reaffirmed Moscow's commitment to assisting Cuba, highlighting the deepening relationship between the two nations amid international scrutiny. The Chinese government has also indicated its readiness to bolster diplomatic support for Cuba. Foreign Ministry spokesperson Mao Ning stated that "China is willing to... [Continue Reading]
360LiveNews | 10 Apr 2026 21:34 LONDON
