The new phase opened in Venezuela following the United States military intervention and the detention of Nicolás Maduro has placed Repsol in the front line. Josu Jon Imaz participated last Friday in the meeting convened by Donald Trump with key energy sector executives, thanking the president for having “opened the door to a better Venezuela”.
“"We are prepared to invest strongly in Venezuela, following your recommendation, Mr. President, and within a framework that allows for this growth."
Currently, Repsol produces about 45,000 barrels per day in Venezuela, a figure that could escalate to 135,000 if the right conditions are met. Unlike giants such as Exxon or Chevron, Repsol maintained its activity in the country during the Chavista period, mainly through gas, exploiting the La Perla field alongside the Italian company Eni.
This international commitment follows a period of domestic tensions in Spain. Repsol was a major opponent of the extraordinary tax on energy companies, a levy that led to the freezing of an investment plan worth up to 1.5 billion euros, including the eco-plant and green hydrogen electrolyzer planned for the petrochemical complex in Tarragona.
