Venezuela Hires Law Firm to Help Negotiate Oil Production Deals

Venezuela’s short-staffed national oil company has hired international law firm Greenberg Traurig to help expedite contract negotiations with a flurry of companies ahead of a key regulatory deadline in August.

The law firm confirmed the relationship with Petróleos de Venezuela SA, known as PDVSA, in an emailed statement.

“Greenberg Traurig is advising PDVSA in connection with prospective oil contracts and related legal and regulatory compliance,” the company said.

Since January, when the Trump administration started easing sanctions and encouraging US companies to help revive Venezuela’s oil industry, PDVSA has struggled to manage complex contract negotiations with potential partners, according ...