Donald Trump’s new administration has been a refusal eclipse of investors in Spain’s parks after reducing the fence on its business in Venezuela. A week after the announcement of 25% of the fees for every country purchased by Latin in Latin, the US returned to the load by canceling the permits and exclusion issued to many oil companies, including Spaniaries, to export the US.
The action this weekend descended into the form of loss in the repsol stocks, and in the first bar of the session on Monday, a business that provided more than 500 million euros last year became more than 2.6% against the increase in business tensions. However, in the course of negotiations, the company was able to adjust the fall of up to 1.24% and close the session at a price of 12.3 for a share.
The Spanish government has the public support given to the power after Knowing Washington’s last order for the most crime of this amendment. In the invitation of Economic, Commerce and Commerce Minister Carlos Corporah, after meeting with European Trade Commissioner Maros Sefkovic, this support has been held in Brussels: “We are trying to help with them in the continuous conversation that continues to engage with the US administration.
After Donald Trump learned this Sunday to export the permits and exemptions issued to several oil companies, including US President Donald Trump and Spanish Repsol, the UCAA 2.6% of the UCAA in opening the stock market is up to 9.05 hours to open the stock market.
Rebsole circles consulted by the Europa Press have confirmed that the letter has received a letter from the US administration, in which Venezuela’s oil is canceled.
At the end of Washington, the US Oil Company belongs to the donor of the Millionaire and Harry Sergeant III Republican Party; According to the three people who know what the Bloomberg was quoted, in the French Urrere and for the Brom and the above repsol. Sources explain that these companies should complete their operations in Venezuela before May 27.
Washington’s decision also affects the licenses given to Venezuela gas companies with a commercial relationship with Venezuela state oil company PTVSA.
These permits were issued by the US Treasury Department to operate in Venezuela and export PDVSA oil without affecting the sanctions imposed by Washington.
Rebsole Balance in Venezuela
Rebsol, which has been operating in Venezuela since 1993, maintains contractual relations with a mixed company with PTVSA in Venezuela, with 40%of which is 40%. This collaboration is aimed at exploiting oil fields such as Baria Mottan and Guirigir, and is trying to increase the country’s oil and gas production.
By 2024, Venezuela doubled the sending of oil to Spain, reaching a maximum of two decades. The crude is processed by reps at Spanish refinery as part of the outstanding loans, which is one of the US authorities authorized to now based on different licenses.
By 2023, the US relaxed some restrictions imposed on companies operating in Venezuela, which allowed joint operations to re -implement. However, after Donald Trump arrived at the White House after 2024 elections, it was uncertainty that the permits would be maintained, and a letter sent to Repsol confirmed to change the identity of this particular US administration.
Repsol recognizes the geopolitical risks associated with its traditional manifestation in Venezuela, which includes 467 million euros, which includes investments and accounts available to BDVSA in projects such as Garden IV.
Venezuela is linked to the BDVSA based on the loan maintained with repsol and is administered by payment contracts, mainly with Rao. By the end of 2024, the reserve of the historical debt was $ 634 million.
In 2016, Rebsole and BDVSA agreed to the debt tax up to $ 1.2 billion to fund joint operations. In this line, life balance is arranged (without interest) $ 634 million. By 2024, Rebsole recovered $ 166 million as part of this loan, although there is still significant pending.
Due to geopolitical risk and uncertainty in Venezuela, its rules for default risk of repsol have increased, which reached 601 million in 2024.
Payment
Repsol does not receive cash allowances for this loan, instead of compensation for Venezuela oil. The project is recognized by the US Foreign Asset Control Office, which allows you to forgive the debt through repsol oil supplies.
Therefore, experts think that the cancellation of the government’s rights of the government for exporting Venezuela is threatening to recover this debt, and estimates that if these restrictions are maintained, operations and payment mechanisms can be severely affected.