Caracas. Venezuelan President Nicolás Maduro announced this Wednesday that his country signed 20 contracts with international investors for new oil and gas areas in that South American nation.
“In these three weeks of last April, 20 contracts were signed for 20 new oil and gas zones by international investors from many places in the world,” Maduro said during a speech on national television.
The president indicated that these investments will begin to be seen in the second half of this year.
Maduro noted that foreign investment is coming to Venezuela despite the reestablishment of sanctions by the United States.
In this regard, he reiterated that this year oil production is expected to reach 1.2 billion barrels per day.
The US government decided on April 18 not to renew the exemption from sanctions on Venezuela’s oil and gas sector, citing Washington’s concern over issues related to the elections in the Latin American country.
In addition, on January 29, it revoked General License 43, which authorized transactions involving the Venezuelan state gold mining company Minerven, and which it had granted in October 2023, in response to the agreement on the presidential elections.
In October 2023, the government and the opposition signed two partial agreements in Barbados that contemplated respecting the right of each political actor to freely select their candidate for the 2024 presidential elections.
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– 2024-05-02 23:39:29
