Corporación Venezolana del Petróleo executed a Share Purchase Agreement to acquire 39.99% stake in Petrocedeño S.A. from Equinor ASA (OB:EQNR) and Total Venezuela on July 9, 2021. Post-acquisition Petróleos de Venezuela will own 100% of Petrocedeño. The contractual conditions necessary to close this transaction are the approval of the Venezuelan Ministry of Petroleum (MINPET) and the approval of the Board of Directors of TotalEnergies SE. As on July 28, 2021, the transaction has been approved by the Board of Directors of TotalEnergies SE.