AGP Executive Report
Last update: 4 hours agoOil Revenues: A U.S. State Department report says $12.26 billion from Venezuelan oil, gold, minerals and fertilizer sales has been generated since January, with almost 99% returned to Venezuela under an energy deal. COP31 and Investment: Acting President Delcy Rodríguez defended Venezuela’s right to expand oil production and sought investment, including in talks with Turkish officials; she said energy growth can coexist with environmental protection. Regional Ties: Rodríguez and Brazil’s President Lula agreed to restore relations at the highest level and discussed Brazilian investment in Venezuela’s oil sector. Exxon’s Return: A preliminary, non-binding pact gives ExxonMobil one year to assess seven areas and negotiate terms for possible projects. Power Sector: Venezuela’s legislature has opened electricity generation, transmission and distribution to private and foreign companies. Refining: Citgo reported record quarterly profit as fuel-making margins surged, amid a continuing contest over the refiner’s ownership and sale.
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