Feb 27 • 13:01 UTC 🇧🇷 Brazil Folha (PT)

Delcy meets with Shell and evaluates gas projects in Venezuela

Venezuelan interim leader Delcy Rodríguez met with Shell executives to discuss gas projects, seeking foreign investment to revitalize the country's oil industry amidst U.S. oversight.

Delcy Rodríguez, the interim leader of Venezuela, held a meeting with executives from the British company Shell to assess potential gas projects. This meeting took place during a significant shift in the Venezuelan oil sector, which is currently experiencing an opening supervised by the United States aimed at attracting foreign investment. As the Venezuelan government navigates a challenging economic landscape, the exploration of gas initiatives becomes crucial for the country's energy strategy and economic revival.

Under the leadership of Rodríguez, who assumed power following the military invasion that ousted Nicolás Maduro on January 3, Venezuela is looking to revitalize its struggling oil industry, which has suffered greatly over the years due to mismanagement and sanctions. The U.S. has played a notable role, with President Donald Trump asserting U.S. control over Venezuela's oil resources. This international involvement signals a complex geopolitics, where foreign investment could either help stabilize Venezuela or exacerbate existing tensions.

The recent approval by the Venezuelan Parliament of a reform that reduces the state’s control over the oil industry further underscores the dynamic changes occurring within the country’s energy policies. With the U.S. Treasury issuing licenses for certain oil-related transactions, foreign companies like Shell are now being encouraged to invest in the Venezuelan market, which could lead to significant shifts in the region's economic landscape. The implications of these changes extend beyond Venezuelan borders, affecting international energy markets and geopolitical relations.

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