PDVSA, PetroGambia Agree to Continue Offshore E&P

Venezuela's state oil firm PDVSA and its Gambia counterpart PetroGambia have agreed to continue offshore E&P activities for oil and gas in Gambia, a PDVSA official told BNamericas.

The two companies started offshore E&P in Gambia in July 2006, PDVSA said in a statement, without specifying where in Gambia the E&P takes place.

Gambian President Yahya Jammed and Venezuela's energy and oil minister and PDVSA president Rafael Ramirez met to discuss the issue during a meeting.

The two reviewed existing supply agreements, aiming to eliminate intermediaries so PDVSA can directly supply the African country with fuels.

A Venezuelan delegation will arrive in Gambia "shortly" to define a schedule to carry out agreements, Ramirez said.

Gambia does not produce oil and consumes 2,000b/d, according to the CIA World Factbook.

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