Venezuela looking to sign 105 oil contracts by end of year-head of PDVSA

‌Venezuela is ​looking to sign 105 oil ‌contracts by end of year, Hector Obregon, the ‌head of state-run oil company ‌PDVSA, said on Friday, and some 70% of contracts are ⁠for ​green - ⁠or new - fields.

The country's oil ⁠production will reach 1.5 ​million barrels per day at ⁠close of 2027, Obregon ⁠added ​during a panel, and its refineries are ⁠processing 350,000 bpd and ⁠hope ⁠to raise that figure to 500,000 or ‌600,000 ‌bpd.