Venezuela's PDVSA Distributes 90-Page Proposed Contracts to Energy Firms on May 15

GateNews

According to Jin10, on May 15, Venezuela’s state oil company PDVSA began distributing proposed contracts to energy firms interested in operating in the country, marking a key step toward restoring the nation’s crude production. Industry sources noted the draft agreement reflects PDVSA’s increasingly open stance, though they anticipate the contract review and negotiation process could take longer than expected.

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