Gasoline still drives household budgets, but energy efficiency and renewables have reduced the economy’s overall reliance on petroleum.

Here are key facts about international oil companies in Venezuela, a country with vast oil reserves but dilapidated energy infrastructure.

Assala Energy has hit hydrocarbons with an exploration well onshore Gabon. Assala said its Magoga-A exploration well, located in the Mutamba Iroru II licence, and subsequent sidetrack into the Atora II licence, encountered hydrocarbons in the targeted reservoir interval.