March 13 (Reuters) - Venezuela has signed "strategic
agreements" on gas production with energy groups Repsol
of Spain and Italy's Eni, the government of the South
American country said on Thursday.
Speaking on state-run television, acting President Delcy
Rodriguez said the deals would allow for gas production at the
Cardon IV field, a 50-50 joint venture between Eni and Repsol.
She saidthey would also pave the way for the expansion for
exports.
"I am very pleased that this is being done hand in hand with
two European companies that stayed in Venezuela, that believed
in Venezuela and did not turn their backs on our people,"
Rodriguez said.
A spokesman for Eni said on Friday that the agreement laid
the groundwork for the group to restart exports of natural gas
and liquids from Venezuela, "after obtaining the necessary legal
and regulatory authorizations."
This would strengthen "Venezuela's position as a potential
regional exporter," the spokesman added.
Venezuela has accumulated more than $7 billion in debt
towards Eni and Repsol as previous U.S. sanctions blocked the
possibility for the two European groups to lift products from
the country and sell them abroad.
Venezuela's government said on Thursday it was committed to
seeking agreements with global investors in oil and gas.
After the United States captured President Nicolas Maduro in
January, it eased sanctions on Venezuela's energy sector,
issuing general licences that allow global energy companies to
operate oil and gas projects in the OPEC country.
Venezuela holds one of the largest oil reserves in the world
but has dilapidated energy infrastructure.