BME:REPOil and Gas
Is Venezuela’s US$6 Billion Gas Debt Reshaping the Investment Case for Repsol (BME:REP)?
In recent days, Eni and Repsol have been working to recover about US$6.00 billion owed by Venezuela for gas supply, amid tighter US restrictions that complicate payments and operations in the country.
This matters because Venezuela holds a large share of Repsol’s global reserves and production, so any change in repayment or operating conditions there could significantly affect how the company manages its assets and future cash flows.
Next, we’ll examine how Repsol’s efforts to recover...