11:57 PM EDT, 08/30/2026 (MT Newswires) -- Keo Capital's (KEOC.ST) US subsidiary Maha Energy Indiana entered into agreements with PDVSA Petróleo for the administration of the PetroUrdaneta joint venture in Venezuela. The agreements comprise an integrated service agreement, a financing agreement and a payment administration agreement, according to an Aug. 29 release. Maha Energy will provide a credit facility of up to $350 million to the joint venture under the financing agreement. Maha Energy holds a 24% stake in the PetroUrdaneta joint venture, with a binding agreement in place to increase the stake to 40%.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.