Spain's Repsol Reveals Massive $5.4 Billion Debt From Venezuela

Repsol has nearly $5.4 billion in receivables to collect from Venezuela, the Spanish group said in its annual 2025 report on Thursday. Venezuela owes Repsol 4.55 billion euros, or $5.36 billion, and this includes debt for oil and gas supplies, arrears in payment of interests, and financing for its Petroquiriquire joint venture with Venezuela’s state-held oil firm PDVSA, according to the report. Repsol also disclosed in a separate statement on the Q4 earnings that the U.S. administration last Friday issued new licenses enabling…