Tag: oil infrastructure

Héctor Obregón says U.S. oil deal can be renewed “for as long as necessary”

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The Daily Journal — Petróleos de Venezuela (PDVSA) President Héctor Obregón said Monday that the oil agreement with the United States involves three parties and allows renewals for as long as necessary. However, the underlying contract sets an initial 25-year term. “The contract has a 25-year term, but legally, by mutual agreement, the parties can […]

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White House: Venezuela oil deal will secure U.S. energy dominance for a century

Tatiana Da GamaLeave a Comment on White House: Venezuela oil deal will secure U.S. energy dominance for a century

The Daily Journal. — The White House said Monday that the oil agreement reached with Venezuela will allow the United States to secure its “energy dominance for the next century” at no cost to American taxpayers. “This deal secures our energy dominance for the next century, all at zero cost to the United States,” President […]

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