Repsol, Maurel & Prom seek U.S. licenses to export Venezuelan oil, Reuters says

A number of European partners of Venezuela’s state-run oil firm PDVSA, including Spain’s Repsol (REPYY) and Maurel & Prom (EBLMY), have applied for U.S. license or authorization to export oil from Venezuela, Reuters’ Georgina Mccartney, Arathy Somasekhar, and Marianna Parraga report, citing five industry sources. The requested terms are similar to those provided by the U.S. in previous years, which allowed the companies to receive and export oil from the OPEC nation for their refineries and other customers, while supplying fuel to the South American country through a debt-recovery mechanism, the authors note.