US Interior Secretary Assured Investment Agreements During Visit to Venezuela

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US Interior Secretary Assured Investment Agreements During Visit to Venezuela

TL;DR

  • US Interior Secretary Doug Burgum secured investment agreements during his visit to Venezuela.
  • Foreign companies that previously operated in Venezuela are interested in returning.
  • Discussions focused on ensuring investments deliver expected results and that operators adhere to US standards.
  • The US plans to offer general licenses for investments in mining and new technology.
  • Venezuela's government announced agreements with British oil company Shell.
  • Venezuela's interim government will present an expansion of the Mining Law to Parliament.
  • Burgum highlighted limitless opportunities for collaboration between the US and Venezuela.