Europe Eyes Venezuelan Oil in Diversification Drive

The recent easing of sanctions between the United States and Venezuela, marked by pivotal legal settlements and new commercial arrangements, represents a significant turning point for the global energy industry. These developments, particularly the resolution of disputes involving Petróleos de Venezuela S.A. (PDVSA), signal the reinvigoration of Venezuela's oil and gas sector and hold substantial promise for energy-hungry Europe. The settlement between PDVSA and Refineria di Kòrsou (RdK), navigated by Dentons Europe LLP - led by David…