RIO DE JANEIRO, BRAZIL - The state-owned Petróleos de Venezuela (PDVSA) assumed control of a joint venture in the very rich Orinoco Belt after negotiating the purchase of a third of the total shares from France's Total and Norway's Equinor, the parties informed Thursday.
"The Corporación Venezolana de Petróleo (CVP), a subsidiary of Petróleos de Venezuela, S.A. (PDVSA), assumes 100% participation in the company Petrocedeño, after a highly successful negotiation process with the companies TotalEnergies and Equinor," announced the Venezuelan Ministry of Petroleum in a communiqué, dated Wednesday and published Thursday.
There . . .