Finance
Spain's Foreign Minister Says Government Will Always Defend Repsol's Interests
Published by Global Banking & Finance Review®
Posted on March 31, 2025
1 min readLast updated: January 24, 2026
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Spain's foreign minister pledges to defend Repsol after the US revokes oil licenses in Venezuela, emphasizing the government's commitment to the oil company.
Spain's Commitment to Defend Repsol's Interests in Oil Sector
MADRID (Reuters) - Spanish Foreign Minister Jose Manuel Albares said on Monday his government will always defend the interests of the Spanish oil company Repsol after the U.S. President Donald Trump announced his government would revoke licences granted to oil companies operating in Venezuela.
"I had contacts with (Repsol's) CEO, and we are analysing the decision and talking about it," Albares said in an interview with TV channel Tele 5.
(Reporting by Inti Landauro; Editing by Alison Williams)
Key Takeaways
- •Spain's foreign minister supports Repsol.
- •US revokes oil licenses in Venezuela.
- •Repsol's CEO in talks with Spain's government.
- •Spain analyzes US decision on oil policy.
- •Repsol's interests prioritized by Spain.
Frequently Asked Questions about Spain's foreign minister says government will always defend Repsol's interests
1What is the main topic?
The main topic is Spain's commitment to defending the interests of the oil company Repsol after the US revokes oil licenses in Venezuela.
2How is Spain responding to the US decision?
Spain's foreign minister is in discussions with Repsol's CEO and analyzing the US decision to revoke oil licenses.
3Who is involved in this situation?
The Spanish government, Repsol, and the US government are key entities involved.