He CEO of Repsol, Josu Jon Imazhe said this Friday to the US President Donald Trumpthat the company is prepared to “invest strongly in Venezuela” and for multiply its crude oil production in the Caribbean country by threeup to approximately 135,000 barrels per day.
“We are ready to invest more in Venezuela. Today we produce 45,000 barrels per dayin total, and we are ready to triple this figure in the next three yearsinvesting heavily in the country,” Imaz said in a meeting held at the White Housein which they participated Trump, several members of his cabinet and representatives of almost twenty oil companies.
He object of the meeting was to treat the future of prospecting and possible investments in Venezuela after the deposition of Nicolás Maduro.
“Thank you for opening the door to a better Venezuela“Imaz told Trump during the meeting, in which He stressed the commitment of the Spanish oil company to investment in the United States.
The executive stated that in the In the last 15 years the company has invested 21 billion dollars in operations oil and gas on US soilin places like Texas, Pennsylvania, Alaska or the so-called “Gulf of America”.
“We are in Venezuela, Mr. President, with our partners at Eni, producing the gas that guarantees the stability of half of the country’s electricity supply.“, assured Imaz, who considered Repsol’s operations as a sample of the commitment of the oil company to the “stability” promoted by the Trump Government.
“In addition, we are present on the ground. We have personnel, facilities and technical capabilities“, concluded the manager, former president of the Basque Nationalist Party (PNV).
In addition to Repsol, they participated representatives of Chevron, Exxon and ConocoPhillipsand American media indicated that executives from Continental, Halliburton, HKN, Valero, Marathon, Shell, Trafigura, Vitol Americas, Eni, Aspect Holdings, Tallgrass, Raisa Energy and Hilcorp.
Repsol is the Iberian company with the greatest economic and strategic ties to Venezuelawhere it has been operating for more than 30 years and owns mining rightsalthough mostly undeveloped.
He Last May, the US government revoked Repsol’s permits to export crude oil and derivatives from Venezuelaa measure that also affected Eni and Global Oil Terminalsthe companies that operated in the country together with Chevron.
