Eni (E) and Repsol (REPYY) have supplied Venezuela with gas and naphtha for several years, which were used to dilute the country’s heavy oil for transport, but the companies are struggling to recover payments of about $6B from the country and are facing indifference from U.S. officials, Malcolm Moore and Barney Jopson of The Financial Times reports, citing two people familiar with the situation.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REPYY:
- Repsol price target raised to EUR 20 from EUR 17 at Barclays
- Repsol, HitecVision to merge joint venture with TotalEnergies’ UK business
- Repsol price target raised to EUR 18 from EUR 16 at JPMorgan
- APA Corp. may get positive bid on Repsol report, says Roth Capital
- Repsol weighing merger of upstream unit with APA among options, Bloomberg says
