{"id":337804,"date":"2026-02-21T02:00:00","date_gmt":"2026-02-21T06:00:00","guid":{"rendered":"https:\/\/inspenet.com\/?p=337804"},"modified":"2026-02-20T14:57:57","modified_gmt":"2026-02-20T18:57:57","slug":"repsol-reveals-that-venezuela-owes-it-more-than-5-4-billion-usd","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/repsol-reveals-that-venezuela-owes-it-more-than-5-4-billion-usd\/","title":{"rendered":"Repsol reveals that Venezuela owes it more than 5.4 billion USD"},"content":{"rendered":"\n<p>Repsol has confirmed that Venezuela has a debt of <strong>US$5.4 billion<\/strong> with the Spanish company, as detailed in its <strong>2025 annual report.<\/strong> The figure, which includes accounts receivable related to <strong><a href=\"https:\/\/inspenet.com\/en\/article-category\/oil-and-gas\/\" target=\"_blank\" rel=\"noreferrer noopener\">oil and gas supplies, accrued interest<\/a><\/strong>The figure includes receivables related to oil and gas supplies, accrued interest and capital contributions in shared projects with Venezuelan state-owned PDVSA. <\/p>\n\n<h2 class=\"wp-block-heading\">Debt details<\/h2>\n\n<p>Most of the debt is related to the <strong>Petroquiriquire<\/strong> joint venture, in which Repsol holds a 40% interest. The debt also covers accumulated financial arrears for supplies and financing advanced for joint operations. <\/p>\n\n<p>In turn, Repsol participates in other important projects in the country, including a 50% stake in <strong>Card\u00f3n IV<\/strong>, together with the Italian <strong>Eni<\/strong>, a concession dedicated to the production and commercialization of gas. It also holds a 60% stake in <strong>Quiriquire Gas<\/strong> and an 11% stake in <strong>Petrocarabobo S.A.<\/strong> <\/p>\n\n<h2 class=\"wp-block-heading\">New U.S. licenses open the door to reactivate operations <\/h2>\n\n<p>At the same time, Repsol notified in a statement that the U.S. administration issued new licenses last Friday <strong><a href=\"https:\/\/inspenet.com\/en\/news\/new-ofac-licenses-enable-oil-investment-in-venezuela\/\" target=\"_blank\" rel=\"noreferrer noopener\">new licenses last Friday<\/a><\/strong>allowing the <strong>resumption of oil and gas operations in Venezuela<\/strong>. This could facilitate not only the progressive recovery of the debt, but also a possible increase in the South American country&#8217;s energy production. <\/p>\n\n<p>Although the company projects to reach between <strong>560,000 and 570,000 barrels of oil<\/strong> equivalent <strong>per day<\/strong> by the end of this year, that estimate does not yet contemplate the potential increase derived from its assets in Venezuela.<\/p>\n\n<h2 class=\"wp-block-heading\">Repsol and Eni push to recover 6 billion USD<\/h2>\n\n<p>According to the Financial Times, both Repsol and Eni are seeking to recover close to <strong>US$6 billion combined<\/strong>. Both companies are part of the small group of foreign oil companies with an active presence in Venezuela and face limitations derived from years of sanctions, non-payments and political crisis. <\/p>\n\n<p>In the short term, the reactivation of licenses opens a window of opportunity for Repsol. However, the financial situation with PDVSA remains delicate, and the effective collection of debt will depend largely on the geopolitical environment and regulatory decisions in the United States. <\/p>\n\n<p><strong>Source: <a href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Spains-Repsol-Reveals-Massive-54-Billion-Debt-From-Venezuela.html\" target=\"_blank\" rel=\"noreferrer noopener\">OilPrice<\/a><\/strong><\/p>\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Repsol reported that Venezuela owes it more than USD 5.4 billion for energy supplies and joint agreements.<\/p>\n","protected":false},"author":10019,"featured_media":337777,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-337804","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/337804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/10019"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=337804"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/337804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/337777"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=337804"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=337804"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=337804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}