AGP Executive Report
Last update: 2 hours agoOil and Gas: Baker Hughes has signed agreements with PDVSA and partners to upgrade gas pipelines, ease transport bottlenecks and route unused gas toward power generation, with LNG exports a longer-term prospect. Oil Trade: Venezuelan crude shipments to India are forecast to more than double in October to as much as 465,000 barrels a day, their highest level since 2019, as discounts draw Reliance’s Jamnagar refinery. Refining: A fire broke out at the Cardón refinery, Venezuela’s second-largest; crews worked to contain the blaze. Power: Termozulia added 150 megawatts to the grid, bringing recent additions at the complex to 300 MW in under 24 hours. Agriculture: FUNDACITE Mérida held a workshop on improving cocoa-plantation management and productivity. Infrastructure Finance: A proposed Qatar-led fund could clear Venezuela’s roughly $2.5 billion debt to the IDB and help reopen access to loans for roads, water and electricity projects.
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