AGP Executive Report
Last update: 4 hours agoOil Investment: Acting President Delcy Rodríguez projects nearly $76 billion in oil-sector investment over five years, citing 61 agreements and a U.S. deal covering 17 fields and plans for 250 drilling rigs. The government forecasts 324,000 jobs, but turning the pledges into higher output will require years of work on neglected fields and infrastructure. Energy Markets: Venezuela supplied 455,000 barrels a day to the U.S. in the latest EIA figures, second only to Canada among listed suppliers. Mining: The government is reviewing agreements with mining partners and introducing a monitoring system to track operations and strategic minerals. Power: CORPOELEC has rehabilitated a unit at the San Agatón hydroelectric plant, adding 150 megawatts to the national grid.
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