Venezuelan Chamber of Commerce: National Companies Ready to Support Foreign Investment
The president of the Venezuelan Chamber of Commerce (CPV), Enrique Novoa, assured that national companies operating in the oil sector are prepared to offer goods and services to transnationals that come to invest in the country. Bitácora Económica "That is the fundamental principle that drives the Venezuelan Chamber of Commerce: goods and services to the service, in a redundant way, of everything that means oil operations in the country. We have a long track record in the entire value chain, from well service companies, engineering, construction, maintenance, different areas that require all this support so that goals can be achieved," said Novoa.
TL;DR
- Venezuelan national oil companies are ready to supply goods and services to foreign investors.
- The Venezuelan Chamber of Commerce (CPV) aims for a production of 1,300,000 barrels per day by the end of 2026.
- There is a significant need for maintenance and equipment for existing oil wells.
- Companies like Chevron and Repsol are already advancing in well equipment.
- The CPV is in constant contact with the Ministry of Hydrocarbons and PDVSA to consolidate production goals.
- Venezuela has over 40 mixed companies operating in the country.
- The lifting of economic sanctions is crucial for the full opening of the hydrocarbon industry.