Repsol YPF signs Venezuelan Molls

摘要

Repsol YPF of Spain is to sign various memorandums of understanding(MoU)with Venezuela's PdVSA.The first of these contemplates the creation of a joint venture between PdVSA(51 %)and Repsol YPF(49%)that would be one of the largest petroleum producers in Latin America.Participation in the joint venture would allow Repsol YPF to double its reserves in Venezuela and increase its current net production(100,000 b/d)by 60% to 160,000 b/d.