US Oil Producers Poised to Sign Crude Output Deals With Venezuela’s PDVSA
JH Kim
Summary
- US oil producers are poised to sign crude production agreements with Venezuela’s state oil company PDVSA.
- Three sources said the signing ceremony was scheduled for the night of August 18 in Houston.
- The agreements would expand US energy companies’ participation in Venezuela’s oil industry.
Forecast Trend Report by Period
Several independent US oil producers are poised to sign crude production agreements with Venezuela’s state oil company, PDVSA.
Politico, citing three people familiar with the matter, reported on August 18 that a signing ceremony was scheduled for that night in Houston.
The agreements would expand US energy companies’ participation in Venezuela’s oil industry.
JH Kim
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