Venezuela and the United States seal energy partnership for oil and gas, after strategic meeting in Caracas
Venezuela and the US established a productive partnership in energy matters Photo: EFE
TL;DR
- Venezuela and the United States have agreed to a long-term productive partnership in energy.
- The collaboration will focus on projects in oil, gas, mining, and electricity.
- The goal is for the energy agenda to become a driver of bilateral relations, benefiting both countries.
- This agreement follows a reform in Venezuelan law that opens the oil sector to foreign investment and the relaxation of US restrictions.
- The US Department of Energy described the visit as 'historic' and aims to observe how the agreement is promoting peace and prosperity.