# Spanish energy interests in Venezuela

> Live situation record from CLSTR: https://clstr.news/situations/spanish-energy-interests-in-venezuela
> Updated: 2026-08-13T14:05:28.000Z. Sources: 5. Developments: 2.

Spanish energy interests in Venezuela are navigating complex financial and regulatory landscapes. Repsol is managing significant asset exposure, which rose to 361 million euros by mid-2026, and is working to recover 4.08 billion euros in commercial accounts with PDVSA. The company continues to operate under U.S. Treasury OFAC general licenses to maintain production stability.

Simultaneously, Suelopetrol Exploración y Producción, S. L. has requested assistance from the Spanish government to protect its Venezuelan oil interests from being transferred to U.S. companies. This request follows a restructuring of the firm, which is now 95% controlled by the Swiss firm Ruve Beratung & Treuhand AG. The company is attempting to distance itself from the ‘Koldo case’ and seek official recognition of its new management by Venezuelan authorities.

## Timeline

### 2026-08-13: Suelopetrol seeks Spanish aid to protect Venezuelan oil interests

Suelopetrol, a Spanish firm linked to the Ábalos villa investigation, is seeking Spanish government aid to protect its Venezuelan oil interests following a change in ownership and the removal of a key executive

3 sources. https://clstr.news/cluster/suelopetrol-seeks-spanish-aid-to-protect-venezuelan-oil-interests

### 2026-08-09: Repsol seeks to secure Venezuelan operations and debt recovery

Spanish energy firm Repsol is strengthening ties with the U.S. and Venezuelan governments to manage its 361 million euro exposure and recover substantial debts from PDVSA.

2 sources. https://clstr.news/cluster/repsol-seeks-to-secure-venezuelan-operations-and-debt-recovery

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Cite as: Spanish energy interests in Venezuela. CLSTR, https://clstr.news/situations/spanish-energy-interests-in-venezuela