Venezuela Appoints New Gas Vice President at State Company PDVSA
(Reuters) — Venezuela has appointed a new vice president at PDVSA who will lead the state company's gas operations, a key move as the South American country negotiates licenses with foreign companies to develop its mostly untapped natural gas reserves.
Luis Gonzalez Nuñez was appointed PDVSA's new gas vice president, according to a decree published in official gazette, seen by Reuters on Wednesday. The position was previously held by Juan Santana.
Decades of insufficient investment, contract changes, mismanagement at PDVSA and — more recently — U.S. sanctions have limited the development of Venezuela's gas sector, which could become a large source of revenue for the cash-strapped nation.
Oil Minister Pedro Tellechea, who is also PDVSA's CEO, last month said talks with companies interested in gas projects were progressing, but some terms needed to be finalized so licenses could be issued later this year.
In a separate decree, the government also created a data bank that will handle information about oil and gas activities and reserves and will be able to sell seismic data packs to interested parties.
Related News
Related News
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Woodside May Delay Final Investment Decision on Louisiana LNG to Q2, CEO Says
- Panama Canal Considers Pipeline to Move U.S. Gas to Asia
Comments