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Repsol Seeks Sanctions Waiver To Restart Venezuela Oil Exports

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Without a valid licence, companies such as Repsol are barred from lifting crude oil from Venezuelan fields. Photo credit: PixelBiss/Shutterstock

US sanctions on Venezuela mean that foreign companies require explicit authorisation from the US Treasury to export crude oil or petroleum products. Repsol previously operated under a licence that allowed limited exports, but that permission was later revoked in March 2025 as Washington tightened its stance toward the Venezuelan government.

Without a valid licence, companies such as Repsol are barred from lifting crude oil from Venezuelan fields, even if the oil is produced through joint ventures that predate the sanctions. Applying for a new licence is therefore a procedural necessity rather than a policy shift by the Spanish group.

Repsol has repeatedly stated that it complies fully with all applicable sanctions regimes and that any activity in Venezuela is conducted strictly within the legal frameworks set by US and European authorities.

The strategic importance of Venezuela

Long-standing assets and energy security considerations

Venezuela remains a strategic but complex market for Repsol. The company has operated in the country for decades and maintains interests in several upstream projects, including oil and gas fields that are technically challenging but potentially valuable.

Exports previously authorised under US licences were largely used to offset debts owed by PDVSA to Repsol, rather than being sold freely on the open market. This structure allowed the company to reduce financial exposure while keeping operations running at a minimal level.

From a broader perspective, Venezuelan crude also plays a role in global supply considerations, particularly as energy markets remain sensitive to geopolitical disruptions and production constraints in other oil-producing regions.

Wider political and market context

Uncertainty around sanctions policy

The timing of Repsol’s application comes amid ongoing uncertainty over US sanctions policy toward Venezuela. While Washington has periodically adjusted its approach, licences granted to energy companies have typically been temporary and conditional, tied to political developments in the country.

There is no guarantee that a new licence will be approved, nor any indication of how long such authorisation might last if granted. Analysts note that companies operating in Venezuela face persistent regulatory risk, making long-term planning difficult.

For Repsol, the request appears to be a pragmatic step aimed at preserving existing investments rather than expanding operations or increasing exposure.

What it means for Repsol

Limited volumes and cautious expectations

If the licence is granted, any resumed exports are expected to remain limited in scale and closely monitored. Repsol has previously stressed that Venezuelan operations represent only a small portion of its overall portfolio and do not materially affect its global production figures.

The company has also indicated that it does not plan to commit new capital to Venezuela under the current conditions, focusing instead on maintaining assets and ensuring compliance with international regulations.

As a result, the financial impact of any resumed exports would likely be modest, serving primarily to stabilise existing operations rather than drive growth.

Key points

  • Repsol plans to request a US licence to resume oil exports from Venezuela.
  • Any exports would require explicit approval under US sanctions rules.
  • Previous licences allowing limited exports were withdrawn.
  • Venezuelan operations are used mainly to recover debts and cover costs.
  • No expansion of activity is expected without regulatory certainty.

What happens next

Decision rests with US authorities

The outcome now depends on the response from US regulators, who will assess the request within the broader framework of sanctions policy toward Venezuela. No timeline has been announced for a decision.

Until approval is granted, Repsol will remain unable to export Venezuelan crude. The case highlights the continued influence of geopolitics on global energy markets and the operational challenges faced by companies with legacy assets in sanctioned countries.

For now, Repsol’s approach reflects caution rather than ambition, a calculated attempt to keep options open while navigating one of the most tightly regulated oil markets in the world.

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First Five-Star Hotel In Almuñécar

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Almuñécar is set to make a major leap in luxury tourism with the construction of its first five-star hotel, the Daia Slow Beach Hotel La Herradura. Mayor Juan José Ruiz Joya has officially signed the building permit, clearing the way for this landmark project on the “A” plot of sector MP-96 along the scenic Paseo Andrés Segovia.

A historic milestone for La Herradura tourism

The approval ends more than two decades of administrative delays and complex procedures. Ruiz Joya called it “a historic day” for La Herradura, adding that the hotel proves the municipality’s potential as a world-class destination. The project is expected to attract international tourists while generating long-term economic benefits for the local community.

Luxury amenities and sustainable design

The Daia Slow Beach Hotel will offer 220 rooms and a host of luxury amenities, including a state-of-the-art spa, large swimming pools, poolside bars, and private palapas for massages and relaxation. The design emphasises integration with the surrounding natural environment, featuring 3,600 m² of green spaces, 3,917 m² of pedestrian-friendly roads, and 2,000 m² dedicated to cultural and educational facilities.

Boosting local economy and employment

With a budget nearing €14.7 million, the project is expected to create over 100 direct jobs during construction, with hundreds more in hospitality, retail, and maintenance. It has received approvals from health, environmental, agricultural, and tourism authorities, ensuring compliance with all regulations. Construction is scheduled for completion within 36 months, bringing a new era of high-end tourism to the Granada coastline.

Tourism, culture, and community benefits

Beyond luxury tourism, the hotel will act as a catalyst for local culture and community engagement. Plans include hosting events, cultural workshops, and wellness programmes open to residents and visitors alike. By combining tourism, leisure, and cultural initiatives, the Daia Slow Beach Hotel promises to enrich both the visitor experience and the quality of life for La Herradura’s community.

A new chapter for La Herradura hotels

The Daia Slow Beach Hotel La Herradura promises to position the area as a premier destination for luxury travellers in Spain. Residents and visitors alike can look forward to world-class facilities, transformative urban development, and a boost to the local economy.

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Public Boar Hunt In Alhaurin De La Torre

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Hunters on a “batida” & swarms of boars. Credit: Joseba Mirena X

Authorities in Alhaurin de la Torre have approved a wild boar hunt (batida) in the local sierra to address overpopulation of the species, which is causing major environmental, agricultural, and safety concerns.

Organised by the Sociedad de Cazadores ‘La Torre’, the hunt will take place on Saturday, January 17, between 7.30am and 4.30pm in the public hunting ground MA-10769 (La Mezquita–Arroyo Blanquillo, known as Sierra Llana). The council has warned the public to avoid the area, including paths such as Arroyo Blanquillo, Arroyo Zambrana, Jabalcuza (Pozo Povea zone), and Arroyo del Pinar, as well as any trails or access points used by hikers, cyclists, or nature enthusiasts. All recreational or sporting activities in the affected zone are prohibited during the event for safety reasons.

What is a boar “batida”?

A batida (also known as a driven hunt or battue in English) is a popular form of collective hunting in Spain, particularly for managing species like wild boar (jabalí), roe deer, or other game in wooded or mountainous areas. In a batida, a group of hunters divides into two main roles:

  • Batidores (beaters): These participants move through the terrain, often with or without dogs, making noise to flush out and drive the animals from cover.
  • Postores (shooters): Stationed in fixed positions along a line or perimeter, they wait to take shots as the game is pushed toward them.

This method is typically carried out in a single direction over a smaller area than other Spanish hunts like the montería (which uses more dogs and larger teams). It’s especially common in northern Spain

This action is authorised by the Junta de Andalucia under the framework of a temporary hunting emergency (emergencia cinegética temporal) declared across the entire Comunidad Autónoma de Andalucia. The measure targets overpopulation of wild boars (jabalíes) and feral pigs (cerdos asilvestrados), which have been causing substantial damage to agriculture, ecosystems, and road safety, alongside health risks including the prevention of African swine fever.

Declaration of emergency formally declared

The emergency was formally declared through a joint resolution on Friday, December 5, published in the Boletín Oficial de la Junta de Andalucía (BOJA), making it an approved local bylaw. It applies province-wide, including Malaga, and remains in force for the 2025/2026 hunting season, allowing exceptional methods such as batidas with no capture limits in many cases.

Similar controls have been implemented elsewhere in Malaga province. For example, within the city boundaries of Malaga, authorities have captured dozens of wild boars using archers and anaesthetic darts as part of urban control efforts, combined with monitoring and barriers to prevent animals from entering residential areas.

Official reports and news confirm that 45 wild boars were captured in Malaga city over one year using these methods.

In Mijas, hunters’ societies have conducted batidas in rural zones like Mancha El Molinillo to curb expansion, also under the regional emergency framework. The actions reflect a decade-long strategy by the Junta to manage growing wild boar populations across Andalucia.

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Experience Pico Del Cielo: Nerja’s Blue Trail

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The rescheduled date for Nerja’s first Blue Trail to Pico del Cielo (Sky’s Peak) has been announced for Sunday, January 25th, after extreme weather conditions forced the postponement of the event on December 21st. Organisers prioritised the safety of their guides and attendees, ensuring that participants can enjoy the hike in ideal conditions.

Meeting point and start time

The carpark next to the Nerja Caves will serve as the meeting point for the hike, which is set to start at 8:00am. This central location makes it easy for participants to gather before embarking on their adventure up Pico del Cielo.

Two hiking routes to suit all levels

Participants can choose to really test their limits with a 20-kilometre-long route, categorised as medium to high difficulty, or take a more relaxed approach with an intermediate route. For those unable to complete the full distance, an intermediate or final point has been designated, ensuring that everyone can enjoy the experience safely and comfortably.

Blue Trail distinction

No matter which route is chosen, the hike promises to be an exciting and refreshing way to start the day. The Pico del Cielo trail is a beautiful hiking route, accredited with the Blue Trail distinction -a prestigious award from the ADEAC recognising trails that have been recovered, preserved, and promoted for sustainable tourism and outdoor sports.

Organisers and community support

The Councillor for Sports expressed his gratitude to La Gineta Mountain Club for their support in organising the event. He also encouraged all nature lovers and mountain enthusiasts to participate in this unique initiative. Similarly, the Councillor for Environment highlighted that the main goal of the hike is to promote and preserve the Pico del Cielo trail, allowing participants to enjoy and appreciate this natural treasure.

Free registration and limited places

Participation in the hike is free for all attendees, but places are limited. Organisers encourage anyone interested to reserve their spot through the Municipal Sports Office, with registration open until all available spaces are filled.

Whether you are an experienced hiker or a nature enthusiast looking for a morning adventure, Nerja’s Blue Trail to Pico del Cielo promises a memorable outdoor experience.

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