Venezuela signs deal with Eni and Repsol to boost gas production

(ANSA) - ROME, MAR 13 - Venezuela has signed a strategic agreement with the Italian company Eni and the Spanish company Repsol to strengthen the exploitation of the Cardón IV gas field, one of Latin America's largest offshore fields, with the initial goal of ensuring natural gas supplies for domestic consumption. The agreement directly involves the state-owned company Petróleos de Venezuela (PDVSA). The field currently produces 580 million cubic feet of gas per day. The agreement aims to expa...

By ANSA