Maurel & Prom falls as it's left waiting for US export licence on Venezuelan oil

Etablissements Maurel et Prom SA

16/02/2026 08:55

** Shares in Maurel & Prom MAUP.PA fall 2.5% after the French oil producer said it was not included in a list of companies covered by U.S. licences issued on Friday for oil and gas operations in Venezuela

** M&P says it is hopeful to receive authorisation soon to resume oil exports from the country

** CEO Olivier de Langavant told French news channel BFM TV on Thursday he was expecting to receive the licence on Friday

** Shares pare most of the losses after briefly dropping as much as 11.6%

** Trading volumes as of 0830 GMT are about 160% of the stock's 30-day moving average full-day volume

** Including Monday's fall, the shares have gained 36% YTD on hopes that Washington would ease sanctions on Venezuela, imposed since 2019, following its capture of President Nicolas Maduro​

(Reporting by Alessandro Parodi)

((Alessandro.Parodi@thomsonreuters.com;))