Venezuelan President Nicolas Maduro recently underscored the strengthening of alliances with international energy companies worldwide. One notable advancement is the agreement signed in December between Petróleos de Venezuela, S.A. (PDVSA), the state-run oil company, and various global energy stakeholders. Maduro emphasized the importance of these renewed collaborations for Venezuela’s economy, especially considering the crucial role energy plays in its overall growth and prosperity.
1. Venezuelan President Nicolas Maduro stressed on the strengthening of alliances with international energy companies worldwide aimed to improve Venezuela's economy.
2. An important development was the agreement signed in December between Petróleos de Venezuela, S.A. (PDVSA), the state-run oil company, and various global energy stakeholders.
3. Maduro emphasized the strategic importance of such alliances that not only boost Venezuela's economy but also promote shared expertise in energy production and management.
4. These partnerships are seen as a significant step in Venezuela's attempts to recover its economy and reclaim its position in the global petroleum sector.
5. Maduro's decision to collaborate with prominent energy enterprises signifies Venezuela's growing confidence in its economic prospects and commitment to fostering international trade relations.
In 2021, Petróleos de Venezuela, S.A. (PDVSA) increased its crude oil production by 20% compared to the previous year, outputting an average of 526,000 barrels per day.
In an affirming demonstration of international cooperation, Maduro emphasized the strengthened relations with global energy corporations. Drawing special attention to the agreement inked in December between PDVSA, Venezuela's state-run oil company, and its international counterparts, he stressed the strategic importance of such alliances. These collaborations not only boosts the nation's economy but also promotes shared expertise, fostering enhanced proficiency in energy production and management. These partnerships represent a significant step in Venezuela's endeavor to recover its economy and reclaim its position as a major player in the global petroleum sector. Maduro's decision to join forces with prominent energy enterprises signals an emerging confidence in Venezuela's economic prospects and a renewed commitment to fostering international trade relations.