Venezuela's PDVSA in oil deal with firm part-owned by Florida Republican


Venezuela's PDVSA in oil deal with firm part-owned by Florida RepublicanVenezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla, partly owned by a prominent Florida Republican, to help increase the socialist-run country's plummeting crude oil output, the company said. Erepla Services LLC, with an undisclosed stake held by Republican Harry Sargeant III and which Delaware state records show was only registered in November, said it plans to invest up to $500 million to increase production at three Venezuelan oil fields in exchange for a portion of the crude produced. Sargeant and PetrĂ³leos de Venezuela, S.A., known as PDVSA have clashed in the past.



Tags: Florida, Science, Venezuela, Delaware, PDVSA, Sargeant, Petroleos de Venezuela, Erepla, Erepla Services LLC, Harry Sargeant III

Source:  https://news.yahoo.com/venezuelas-pdvsa-inks-oil-deal-firm-part-owned-144206726--finance.html