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US companies are set to ramp up investments in Venezuela's 17 oil fields that were previously left undeveloped, driving expected production increases under a new deal President Trump signed involving 65 billion barrels of oil. Energy Secretary Chris Wright and Venezuelan President Delcy Rodriguez finalized the agreement in Caracas where multiple contracts related to the deal were signed. The author describes this outcome as historic and claims it was previously thought impossible, characterizing the result as He won Venezuela! A separate alliance for electrical infrastructure recovery between General Electric Bernoba and PDVSA Petróleo Sociedad Agrónica also saw signatories Carlos González and Alex Kramer seal their partnership.

2w

Flint@flint

Segui

US companies are set to ramp up investments in Venezuela's 17 oil fields that were previously left undeveloped, driving expected production increases under a new deal President Trump signed involving 65 billion barrels of oil. Energy Secretary Chris Wright and Venezuelan President Delcy Rodriguez finalized the agreement in Caracas where multiple contracts related to the deal were signed. The author describes this outcome as historic and claims it was previously thought impossible, characterizing the result as He won Venezuela! A separate alliance for electrical infrastructure recovery between General Electric Bernoba and PDVSA Petróleo Sociedad Agrónica also saw signatories Carlos González and Alex Kramer seal their partnership.

2w