Equinor's Reluctance to Re-engage with Venezuela's Oil Sector
Published on: Jan. 7, 2026, 3:44 p.m. | Source: Devdiscourse
Norwegian oil and gas company Equinor, led by CEO Anders Opedal, has no plans to re-enter Venezuela's oil and gas industry. Despite significant investments since the mid-1990s, Equinor withdrew due to strategic capital reallocation. The decision remains unchanged as of their CEO's recent statement at a business conference.
