Spain's Repsol seeking solutions to continue operating in Venezuela after oil licence revoked by US

Record ID: 1987189

  • Title: Spain's Repsol seeking solutions to continue operating in Venezuela after oil licence revoked by US
  • Date: 31st March 2025
  • Summary: GRAN CANARIA, SPAIN (MARCH 31, 2025) (REUTERS) VARIOUS OF EXTERIOR OF REPSOL PETROL STATION MADRID, SPAIN (MARCH 31, 2025) (REUTERS) (SOUNDBITE) (Spanish) SPAIN'S FOREIGN MINISTER JOSE MANUEL ALBARES, SAYING: “We are working together with the company to analyse exactly what this measure is about. As you know, it’s a measure that is not directed solely at Repsol, but at man
  • Embargoed:
  • Keywords: Josu Jon Imaz Maduro Repsol Spain oil US president Trump Venezuela oil licenseses
  • Location: MADRID, TARRAGONA, GRAN CANARIA & ARRIATE, SPAIN
  • City: MADRID, TARRAGONA, GRAN CANARIA & ARRIATE, SPAIN
  • Country: Spain
  • Topics: Company News Markets,Europe,Economic Events
  • Reuters ID: LVA003296031032025RP1
  • Aspect Ratio: 16:9
  • Story Text: Spanish oil company Repsol is looking for "mechanisms" to keep operating in Venezuela, its CEO Jose Jon Imaz said in Madrid on Monday (March 31).
    U.S. authorities have notified Spanish oil company Repsol that its license to export oil from Venezuela is to be revoked.
    Oil companies Maurel et Prom from France and Eni from Italy said during the weekend they had been notified by the U.S. government that their respective authorisations to operate in Venezuela were revoked.
    "We are working together with the company to analyse exactly what this measure is about," said Spain’s Foreign minister Jose Manuel Albares.
    "We will analyse exactly what impact it has, what we are dealing with. We will use all the dialogue space we have,” he added.
    Last week, Trump issued an executive order declaring that any country buying oil or gas from Venezuela will pay a 25% tariff on trades with the United States.
    (Production: Antoine Demaison, Silvio Castellanos)
  • Copyright Holder: REUTERS
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