Venezuela and Nigeria Formalize Agreements for Hydrocarbon Exploration and Explotation
Pedro Tellechea, Petroleum Minister of Venezuela and Nigerian representative of the Veneoranto Petroleum LTD, C.A., Arthur Eze, Aug 8, 2024 Photo: @PDVSA
August 8, 2024 Hour: 10:24 pm
Two agreements were signed to exploit territorial areas of the Gulf of Venezuela.
With the presence of Venezuela’s president, Nicolás Maduro, the Venezuelan Ministry of People’s Power of Petroleum and the Company Veneoranto Petroleum LTD, C.A. of Nigeria signed two cooperation agreements on Thursday in the Sol Hall of Peru, at the Miraflores Palace in Caracas (capital).
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The agreements were initialled by the Venezuelan Oil Minister, Pedro Tellechea; and the Nigerian representative of the Veneoranto Petroleum LTD, C.A., Arthur Eze.
The first agreement is the Technical and Economic Feasibility for the Development of the Barracuda Area, located in territorial waters and surface of the Gulf of Venezuela, and will be executed between both signatories.
Similarly, the Agreement on Technical – Economic Feasibility for the development of the Boca de Serpiente area in the northeast of the state of Delta Amacuro was signed and will also be executed by the parties.
During the event, Veneoranto Petroleum’s representative, Arthur Eze, indicated that Africa is ready to invest in Venezuela and urged President Nicolás Maduro to “continue fighting as Hugo Chávez did. Africa is happy and knows a lot about Venezuela. We want to come here to invest, may God bless and bless his people”.
Minister Tellechea said that both areas total 30 trillion cubic feet, and clarified that «these agreements are exploratory to be able to certify those two deposits, (…) this will continue to position Venezuela as one of the gas exporting countries”.
In this regard, the Venezuelan leader said that they are joining forces to dream together and build together towards the future.
«I am very pleased that the investment process for gas production from the Gulf of Venezuela, from the Deltana platform is being accelerated. Two gas powers from South America, the Caribbean and the world, and we will soon be exporting gas to Africa», he said.
The Venezuelan leader said that Venezuela has certified the world’s first oil reserve and is beginning to certify an additional 20 percent of oil reserves with new technologies.
«We have certified the eighth gas reserve in the world, but with these investments we must reach the fourth gas reserve in the Caribbean strip. The entire Venezuelan Caribbean: from the Gulf of Venezuela to the Delta», he said.
The President said that the South American country is able to negotiate in terms of respect and legal equality with countries around the world. At the same time, he stressed that his nation will not accept interventionist policies from anyone.
«I have said that the countries of the world must beware of interventionist policies against Venezuela. We will not accept interventionism on Venezuela from anyone. Venezuela is respected», he said.
Likewise, the head of state announced that for the next few weeks, there will be important announcements related to the integral energy transition in Venezuela, while stating that all investors who wish to go to Venezuela will be welcome.
Autor: CC
Fuente: teleSURtv
