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Exxon Advances Talks to Return to Venezuela’s Orinoco Belt, Sources Say

Exxon has sent technical teams to assess fields and could gain an operational edge in heavy crude if talks with PDVSA succeed.

Summary by WTVB
By Deisy Buitrago, Sheila Dang and Marianna Parraga CARACAS/HOUSTON, Sept 16 (Reuters) - ExxonMobil is negotiating to return to Venezuela and has shown interest in the large Petromonagas heavy oil project in the Orinoco Belt - where the US energy major...

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ReutersReuters
+2 Reposted by 2 other sources
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Exxon advances talks to return to Venezuela's Orinoco Belt, sources say

·London, United Kingdom
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Editorial (ALN).- Executives of the U.S. oil company ExxonMobil traveled this week to Caracas to advance talks aimed at assessing their possible return to Venezuela's energy industry, according to sources linked to the negotiations. The discussions, which have been held for several months, are focused on the development of production projects in Venezuela. [...] The entry ExxonMobil evaluates their return to Venezuela with projects in the Orinoc…

Exxon has sent technical teams this year to evaluate oil fields in Venezuela

·Bogota, Colombia
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Reuters broke the news in London, United Kingdom on Wednesday, September 16, 2026.
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