Venezuela Eyes 44 More Oil Deals and US$12 Billion
Venezuela's acting president Delcy Rodríguez said 44 more oil and gas deals are in talks and about US$12 billion in financing is expected. The post Venezuela Eyes 44 More Oil Deals and US$12 Billion appeared first on The Rio Times .
Venezuela's interim leader Delcy Rodríguez announced plans for 44 additional oil and gas agreements, bringing the total to 105, according to a wire report from 8 October. The new deals will complement the 61 already signed, adding to the country's economic potential. Rodríguez stated that the government expects approximately $12 billion in financing over two years, without specifying the sources.
She dismissed the idea of adopting the US dollar, emphasizing the priority of strengthening the bolívar. The interim president also revealed that oil production has increased by 8% this year, and acknowledged that ties have been restored with international financial institutions, including the International Monetary Fund, the World Bank, and the Inter-American Development Bank.
The announcements came at the opening of the 82nd annual assembly of Fedecámaras, Venezuela's main business federation, held in Caracas.
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