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business22h ago
Key facts: TotalEnergies CEO on Venezuela production; trades gasoline; to attend WEF
- TotalEnergies CEO says boosting Venezuelan production could add 100,000 to 200,000 barrels per day, but a million barrels would need about $100 billion in investment.
- TotalEnergies traded around 11,000 metric tons of Eurobob E5 gasoline, bought from Equinor, ExxonMobil, and Trafigura, and sold to BP, Varo, and itself.
- Pouyanné will attend the World Economic Forum in Davos to discuss U.S. energy policies intended to boost oil and gas drilling.
- The report links TotalEnergies’ Venezuela production talk with broader energy policy discussions at Davos.
- The article notes the potential financial scale required to expand Venezuelan output to one million barrels per day.
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