US investment groups are racing to capitalize on Venezuela's oil sector reopening, with firms like Lionheart Capital targeting underinvested fields. A proposed merger could create the first Nasdaq-listed company offering direct access to Venezuelan oil assets, signaling renewed international interest amid political shifts and Middle East instability.
Repsol has confirmed regaining operational control of its oil assets in Venezuela after reaching an agreement with the Venezuelan government and state oil company PDVSA. The deal includes a mechanism to secure payments through oil shipments and enables the Spanish company to expand output, with plans to triple production within three years. The agreement follows years of operational constraints due to US sanctions and comes as Washington eases restrictions to boost global crude supply. The deal does not include a commitment to settle the nearly $4.55 billion owed to Repsol but guarantees collection of future production.
