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   <h1>Equinor completes divestment of onshore asset in Venezuela</h1> 
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     <div class="date-module"> <span class="date_module-icon fa fa-calendar"></span> <span>July 29, 2021 08:00<span> CEST</span></span> 
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       <h3>Equinor and state-owned Petróleos de Venezuela (PdVSA) have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to Corporación Venezolana del Petróleo (CVP), a PdVSA company.</h3> 
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       <p>The Petrocedeño project aims to upgrade extra-heavy crude oil into lighter crude from the Orinoco Belt area (onshore Venezuela). As a result of this transaction, Equinor will no longer hold interest in Petrocedeño.</p> 
       <p>The transaction supports Equinor’s corporate strategy to focus its portfolio on international core areas and prioritised geographies where Equinor can leverage its competitive advantages.</p> 
       <p>TotalEnergies has also decided to transfer its interest in Petrocedeño to PdVSA, making the latter its sole owner.</p> 
       <h2>Related page</h2> 
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Equinor and state-owned Petróleos de Venezuela (PdVSA) have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to Corporación Venezolana del Petróleo (CVP), a PdVSA company.