Exclusive-Repsol, Maurel & Prom applying for US licenses to export Venezuelan oil, sources say [Yahoo! Finance]
REPSOL SA SP/ADR (REPYY)
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Source: Yahoo! Finance
have applied for U.S. licenses or ?authorizations to export oil from the OPEC country, five industry sources told Reuters. The requested terms are similar to those granted ?by Washington in ?past years, which allowed the companies to receive and export ?Venezuelan oil for their refineries and other customers, while supplying fuel to Venezuela through a ?debt-recovery mechanism, two of the sources ?said. The companies have not been able to export Venezuelan oil since the second quarter of last year, when the administration of President Donald Trump suspended the ?licenses. Repsol participated in ?a meeting last week ?at the White House, where Trump asked a group of oil companies ?to invest ?in Venezuela. Repsol declined to comment. Maurel & Prom did not immediately respond to ?requests for comment. (Reporting by Georgina McCartney, Arathy Somasekhar ?and Marianna Parraga in Houston; Editing ?by Nathan Crooks)
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News
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- What Repsol (BME:REP)'s Push for US-Approved Venezuelan Exports Means For Shareholders [Yahoo! Finance]Yahoo! Finance
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