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🇻🇪 Venezuela /Energy & Infrastructure

Pdvsa chief says contracts with U.S. run for 25 years and can be renewed

From El Nacional · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Pdvsa President Héctor Obregón said contracts with U.S. companies will run for 25 years and include renewal options.
  • He said the duration is designed to provide greater legal and operational stability for long-term investment in Venezuela’s energy industry.

Pdvsa President Héctor Obregón said contracts with U.S. companies will last 25 years and include renewal options.

Obregón said the long duration is intended to give long-term investments in Venezuela’s energy industry greater legal and operational stability.

About this summary

Originally published by El Nacional in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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