Summary
- Venezuela’s interim President Delcy Rodriguez has signed a memorandum of understanding with French energy company TotalEnergies, marking another step in the country’s efforts to expand cooperation with international oil firms.
- The development comes as Venezuela’s new government seeks to strengthen its energy sector through partnerships with major international companies.
- TotalEnergies, one of France’s major oil and gas companies, has previously maintained international operations across the energy sector.
Venezuela’s interim President Delcy Rodriguez has signed a memorandum of understanding with French energy company TotalEnergies, marking another step in the country’s efforts to expand cooperation with international oil firms.
The agreement was signed on Saturday, according to Venezuelan media, although details about the scope and financial terms of the deal were not immediately disclosed.
The development comes as Venezuela’s new government seeks to strengthen its energy sector through partnerships with major international companies.
The agreement with TotalEnergies is the latest in a series of oil-related deals involving multinational energy firms and Venezuela since the change in government following the removal of former President Nicolas Maduro in January.
The Venezuelan authorities have been seeking to attract foreign investment and increase cooperation in the hydrocarbons sector as they work to strengthen the country’s energy industry.
TotalEnergies, one of France’s major oil and gas companies, has previously maintained international operations across the energy sector. The latest agreement could provide a framework for further cooperation between the company and Venezuela, although specific projects or investment commitments have yet to be announced.
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