Venezuela Invites International Investment in its Energy Sector

Venezuela Invites 120 Countries to Invest in its Energy Potential

The sector vice president of the Economy of Venezuela, Tareck El Aissami, invited this Friday (01.13.2023) some 120 countries that participated in the Summit of the Voice of the Global South to invest in the Caribbean nation to “develop the energy potential and put it at disposition of the great needs demanded” by the world.

“Venezuela is ready and prepared to produce, export, sign contracts and agreements with all the energy companies in the world. We are a nation with open doors that meets all the conditions for production, preserving all legal guarantees,” said the minister of Oil during his participation in the virtual summit, organized by India.

He pointed out that, given the “global energy reality”, the South American country wishes to continue “promoting concrete solutions” to “overcome shared challenges and work in joint areas”, in order to “strengthen and consolidate, every day, goals energy potentials”, without neglecting the protection of the environment.

In the company of the Indian ambassador to Venezuela, Abhishek Singh, the minister proposed the creation of an energy development bank, with the purpose of “leveraging and sustaining projects for the diversification” of nations.

El Aissami also rejected the sanctions imposed by the United States, which have “dramatically affected the energy security of the peoples.” This summit, which was held between January 12 and 13, was an initiative of the Prime Minister of India, Narendra Modi, within the framework of the G20 presidency and with the objective of identifying points of view of developing countries.

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