AGP Executive Report
Last update: 5 hours agoPower Grid Recovery: Venezuela’s interim president Delcy Rodríguez signed a memorandum with General Electric Vernova to modernize the National Electric System, targeting 1,000 MW of added generation in 24 months and over 5,000 MW over four years, with CORPOELEC and GE Vernova teams moving toward a formal contract. US-Energy Link: The deal comes as Washington pushes for greater U.S. participation in Venezuela’s energy sector, with officials framing it as a path to stabilize daily blackouts. Oil & Gas Deals: Reuters reports Shell signed five new agreements with Venezuela, including work tied to the Loran offshore gas field (about 7 Tcf) and the Dragon field (4.2 Tcf), plus gas-flaring reduction tech and access to diluents for heavy-crude exports. Cocoa Productivity: CENIDIC says it is using directed pollination to genetically improve Venezuelan cacao, aiming for pest and disease resistance, better adaptation, and higher-quality production. Security & Industry Disruption: A Venezuelan construction worker was remanded in connection with 23 AK-47 rifles found in Demerara, underscoring ongoing cross-border arms risks that can spill into logistics and local economies.
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