Venezuelan government signs 'strategic agreements' with Repsol

Venezuela and Spanish energy group Repsol have signed "strategic agreements," the government of the South American country said in a statement on Thursday. It did not provide further details about the deals.

"Venezuela is determined to become an energy powerhouse, and to do so, it is essential to establish strategic agreements with global investors, adapting to the challenges of global geopolitics in the petrochemical and gas sector," the government statement said.

-Daina Beth Solomon/Reuters