Current location:business >>
Billionaire Texas oilman inks deal with Venezuela's state
business1People have gathered around
IntroductionMIAMI (AP) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezue ...
MIAMI (AP) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election.
LNG Energy Group is a publicly traded company listed in Canada that produces natural gas in Colombia. It was created last year as a result of a merger with a company owned by Rod Lewis, a legendary Texas wildcatter who Forbes Magazine once called the “only gringo allowed to drill in Mexico.”
As part of the deal announced Wednesday, LNG was awarded contracts by state-run PDVSA to take over production and develop two oil fields in eastern Venezuela that currently produce about 3,000 barrels of crude per day.
LNG said the deal was executed within the framework of sanctions relief announced by the U.S. government last year in support of an agreement between President Nicolas Maduro and his opponents to hold a competitive presidential election this year. Last week, the Biden administration reimposed sanctions as hopes for a democratic opening in Venezuela fade.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“World Walkthrough news portal”。http://brazil.majalahburung.com/content-24c299758.html
Related articles
Protesters against war in Gaza interrupt Blinken repeatedly in the Senate
businessWASHINGTON (AP) — In wide-ranging testimony before the Senate Tuesday, Secretary of State Antony Bli ...
【business】
Read moreRussia arrests another senior Defense Ministry official in bribery charges
businessA second senior Russian defense official was arrested on bribery charges, officials said Tuesday, da ...
【business】
Read moreJulia Louis
businessJulia Louis-Dreyfus rocked a rather elegant look while accepting a special award at the 2024 Webby A ...
【business】
Read more
Popular articles
- French Olympic fencer Thibus says she has been cleared of any wrongdoing after abnormal doping test
- Navy surgeon who operated on 12
- King Charles unveils red, fiery painting of himself as his first post
- Will the Co
- Fake elector case: Former Arizona GOP chair Kelli Ward and others set to be arraigned
- UEFA wants Euro 2024 referees to speak more with captains and get more respect in return
Latest articles
What to stream: Lenny Kravitz, South Park, 'Dune: Part 2'
Coastal Carolina and Delaware will play home
CANNES DIARY: Behind the scenes of the 2024 film festival
2 men accused of plotting Islamic State
UK court rules that extension of UK police powers to intervene in protests is unlawful
View King Charles III first official portrait since coronation
LINKS
- Savers withdraw £5bn from current accounts in bid for better interest rates
- City traders fired after being caught having sex with a cleaner in the office after
- Cambodian PM celebrates Int'l Labor Day with seaport workers
- Student killed outside Wisconsin school had pellet rifle, police say
- Ryan Gosling says his and Eva Mendes' two daughters 'don't care' that they're A
- San Francisco’s Tenderloin: Volunteers escort kids through streets
- Migraine drug could be offered to facial flush sufferers after success in trial
- Savers withdraw £5bn from current accounts in bid for better interest rates
- LIZ JONES: Here's the final straw that ended my disastrous relationship
- Celta Vigo closer to avoiding relegation after edging Villarreal in Spanish league