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Repsol (REP SM) CEO says the Co. has all the support of US government to raise production in Venezuela

StockNow breaking-news AI analysis

Repsol targets 650k-700k boepd by year-end 2026, leveraging US-backed production growth in Venezuela and a new guaranteed payment mechanism to recover €4.55B in debt while maintaining organic growth.

News detail

Repsol expects production to reach 650-700k barrels of oil equivalent per day by the end of the year. Does not see M&A opportunities in the year ahead; looks to grow in an organic way.

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