AGP Executive Report

Energy Diplomacy: Venezuela’s acting president Delcy Rodríguez toured India’s Jamnagar refinery and met India’s oil leadership, pushing a long-term energy partnership as New Delhi diversifies crude amid West Asia supply shocks. Oil & Production: The talks come as Venezuela’s crude exports climb again, with Indian firms signaling interest in upstream and downstream projects beyond just cargoes. Power Sector Reform: Venezuela is moving to open its electricity system to private investment, aiming to stabilize supply after years of blackouts. Science for Industry: The closing of the Venezuelan Astronomy Olympics highlighted the National Scientific Semilleros Program, linking early technical training to future science and production capacity. Tourism Skills: A Venezuela delegation wrapped a tourism management seminar in China, focusing on planning, innovation, heritage conservation, and tools to boost multi-destination growth. Culture & Cities: Caracas’ Municipal Theater announced a June–July program spanning concerts, plays, and orchestral performances.

India–Venezuela Energy Push: Petroleum Minister Hardeep Singh Puri met Acting President Delcy Rodríguez in New Delhi, reaffirming a long-term oil and gas partnership and saying an Indian technical team will soon visit Venezuela to explore new opportunities as India diversifies crude supplies. Upstream-to-Downstream Talks: Both sides framed “perfect complementarity” across the hydrocarbon value chain and also discussed expanding cooperation beyond energy into critical minerals and other sectors. Electricity & Food Security Pressure (Cuba spillover): Multiple reports describe Cuba’s worsening power and water shortages amid U.S. sanctions, underscoring how regional energy disruptions can quickly hit food and basic services. Coffee Sector Reform: Venezuela’s National Assembly unanimously approved a bill to promote the coffee sector, aiming to strengthen local production and protect coffee-growing families. Livestock Health Plan: Venezuela extended the foot-and-mouth vaccination cycle to June 30 to support international certification and protect the cattle herd.

Electricity Reform: Venezuela’s National Assembly gave initial approval to overhaul the National Electricity System, ending the long state monopoly and allowing private and mixed firms into generation, transmission, distribution, and commercialization via long-term concessions. India-Venezuela Energy Push: Acting President Delcy Rodríguez met PM Narendra Modi in New Delhi, with energy security and crude supply taking center stage as India expands Venezuelan oil imports amid Middle East shipping worries. Global Finance Interest: JPMorgan and Jefferies are lining up trips to Caracas as investors seek a firsthand look at Venezuela’s oil revival and debt restructuring plans. Russia Forum Diplomacy: Venezuela joined the XXIX St. Petersburg International Economic Forum to strengthen economic, commercial, and investment ties with Russia under a “no sanctions, no blockade” message. Mining Security Warning: Reports highlight “blood gold” dynamics in Venezuela’s mining zones, where gangs and armed groups control operations and extort residents and workers.

India–Venezuela Energy Push: Prime Minister Narendra Modi met Venezuela’s acting president Delcy Rodriguez in New Delhi, with talks centered on energy security, trade, investment, and sectors like pharmaceuticals, healthcare, transport and renewables as India ramps up Venezuelan crude imports amid West Asia supply disruptions. Bilateral Deal-Making: External Affairs Minister S. Jaishankar also met Rodriguez, signaling deeper cooperation and possible Indian investment in Venezuela’s mining, critical minerals and other industries. Oil-Route Reality Check: Separate reporting shows UAE overtaking Saudi as India’s No.2 crude supplier in May, while Hormuz disruptions keep forcing reroutes—an energy backdrop that makes Venezuela’s supply role more valuable. Power Sector Inspections: In Venezuela, the Electric Energy ministry led technical inspections of hydro plants, substations and the Thermobarrancas facility in Barinas, focusing on restoration and operational safety. Mining Women’s Care in Bolívar: A special medical and social day in El Callao supported mining women with health services and added transport paperwork support. Energy Investment Plan: Venezuela announced plans for its largest-ever international energy investment summit in Caracas (Oct 26–29, 2026) to attract capital for oil and gas revival.

India-Venezuela Energy Push: Acting President Delcy Rodríguez arrived in New Delhi for a five-day visit (June 3–7) focused on energy security, trade and investment, plus pharma, transport and renewables, as India looks to diversify crude supplies amid Middle East disruptions. Caracas Metro Reliability: Metro Line 3 (Rental Zone–La Rinconada) starts a two-month night waterproofing and corrective maintenance plan to address tunnel groundwater, with reduced wagons from 7:00–11:00 p.m. and intensive work until 3:00 a.m. Venezuela Energy Investment Pipeline: Venezuela Energy Week 2026 will run Oct. 26–29 in Caracas, pitching up to $100B in opportunities as the government seeks private participation and faster capital deployment in oil and gas. PDVSA Fuel Payment Controls: Airlines and shipping firms were told to route fuel payments to a US Treasury account and submit receipts to PDVSA to keep supply moving. Cultural Industry Spotlight: Amazonia Films signed to distribute the documentary “Guiomar Narváez in Sustained Love,” expanding theatrical and alternative-circuit screenings nationwide. Cyber & Trade Pressure: US forced-labor tariff proposals cover 60 economies including Venezuela’s region, while reports flag China-linked cyber targeting of Latin American government entities.

Energy Investment Push: Venezuela will host “Venezuela Energy Week 2026” in Caracas Oct. 26–29, aiming to pull in US, Venezuelan and international oil investors and service firms to speed capital into the reopening energy sector, with PDVSA and the Hydrocarbons ministry backing the summit. India Oil Talks: Acting President Delcy Rodríguez heads to India June 3–7 for high-level meetings with PM Narendra Modi, with energy at the center as New Delhi boosts crude imports from Caracas. Power Sector Reform: Venezuela’s National Assembly approved in first discussion an Organic Bill for partial electricity system reform, targeting stronger management of the SEN, infrastructure maintenance and better service delivery, including rules for generation, transmission and commercialization. Coffee Value Chain Law: The AN also approved the first five articles of a Coffee Bill to promote sustainable production, processing, industrialization, marketing and exports, with coffee framed as a fundamental interest item tied to ecosystem and soil protection. Aquaculture Partnerships: Venezuela and Indonesia moved to strengthen cooperation in fisheries and aquaculture, focusing on shrimp farming and planning technical visits to set up joint investment projects. Local Infrastructure: Caracas’ government reopened a sports court and children’s playground in La Vega’s Las Casitas sector, plus new roads and a primary health care module for thousands of families.

Energy & Diplomacy: Venezuela’s interim President Delcy Rodríguez is set to visit India June 3–7, aiming to deepen ties across energy, trade, investment, pharma, healthcare, transport and renewables as Caracas crude imports rise in New Delhi. Oil Market Pressure: The U.S. signaled it wants to end time-limited waivers that let India buy Russian crude after the June 17 deadline, pushing refiners to pivot faster toward alternatives that could include Venezuela. Power Sector Reform: Venezuela is moving to open the electricity sector to private investment, with draft rules allowing long concessions and changes to the state monopoly framework. Oil Production Push: Rodríguez also announced new contracts to increase oil output, framing them as near-term investment steps for Venezuela’s recovery. Industry & Skills: Guárico trained students in programming and robotics under the Small Engineers Agenda, linking early tech education with national platforms. Justice & Access to Services: Venezuela launched a Grand National Consultation for Criminal Justice Reform and highlighted the 0800-Matraca tech platform to curb alleged police and judicial abuses.

Energy Investment & Oil Exports: Venezuela is set to host its largest-ever international energy investment summit in Caracas (Oct 26–29), aiming to pull capital back into the reopening hydrocarbons sector, as oil exports climb to about 1.25 million bpd in May and shipments rise toward the U.S., India, and Europe. Cement Pricing Probe: Venezuela’s National Assembly will review cement prices after reports of bags selling around $32–$37, with lawmakers looking into the role of Türkiye-linked firms and pushing a cost-structure discussion. Agriculture Cost Controls: The government installed a technical table to review cost structures across agricultural products, aiming to reduce distortions and keep inputs arriving on time at fair prices. Transport Recovery: Metro Los Teques restored Metropolis Train unit 18, bringing it back into service to cut waiting times for commuters to Caracas. Coffee & Exports: Guaicaipura will send nine coffee samples to the Eicev specialty coffee meeting (July 10–12), highlighting local processing varieties. Regional Industry Watch: Trujillo consolidates banana production with large-scale exports, shipping fresh fruit in containers to Europe and Türkiye.

Banana Exports Boost: Trujillo’s Inversiones Agropecuaria La Perla says it’s shipping up to 12 containers of fresh bananas weekly, with formal exports reaching Europe and Asia (Belgium, Türkiye) and plans to expand from 300 hectares to 2,000 over seven years. Justice Reform Push: Delcy Rodríguez says Venezuela’s National Consultation for Criminal Justice Reform is a “strategic step” toward faster access to justice, due process, and stronger human-rights guarantees. Energy Investment Signal: Venezuela will host its largest-ever international energy investment summit in Caracas on Oct. 26–29, aiming to pull in upstream capital and technical partners as production targets move toward higher output. Oil Market Update: Reuters reports Venezuela’s oil exports rose to about 1.25 million bpd in May, with more cargoes to the U.S., India, and Europe. IMF Talks: A Venezuelan delegation met IMF leadership in Washington, framing discussions around technical assistance and efforts to recover funds tied to macroeconomic stability.

Venezuela–Oil & Industry: A new report frames Venezuela as a “brownfield” for offshore redevelopment after a sharp long-term output slump, spotlighting the country’s vast proven reserves and the industrial challenge of restarting production. Energy & Trade Spillovers: India’s crude imports jumped 11% in May, with analysts pointing to stronger purchases from Russia and Venezuela—showing how Venezuela-linked barrels still move global refining economics. Construction & Safety: In Parika (Essequibo), a 20-year-old Venezuelan construction worker was shot by a licensed farmer after being found under a shed; police are investigating the incident and seized ammunition. Local Culture & Housing Innovation: Venezuela’s Great Mission Viva Venezuela announced a June 3 colloquium honoring architect Fruto Vivas, highlighting sustainable housing concepts tied to popular sectors and ecosystem-friendly construction. Regional Politics Watch: Colombia’s presidential race heads to a runoff after Abelardo de la Espriella edged Ivan Cepeda, with security and economic promises driving the vote—relevant for cross-border business sentiment.

Agrifood & Farming: Guárico communities joined the 2026 Agrifood Plan to kick off corn planting, receiving inputs and fuel to strengthen local food supply. Coffee & Communal Economy: Acting President Delcy Rodríguez backed the Community Coffee Plan, citing new roaster operations and near-4 million quintals of coffee for domestic use and export. Oil Industry Infrastructure: Rodríguez inaugurated a data hub for Venezuela’s oil industry, signaling tighter management as PDVSA pushes recovery. Electricity Sector Opening: Venezuela will discuss a National Assembly bill to decentralize and open the electricity sector to private capital. Ecology & Reforestation: Rodríguez launched the Chuquisaca National Plan under National Tree Day, planting endemic species and linking restoration to an ecosocialist production model. Regional Security: Venezuela accused Guyana of fabricating border tensions to win international sympathy, while a separate Parika incident in Essequibo involved a farmer shooting a construction worker. Trade & Payments: Russia and Mexico discussed SWIFT alternatives for dollar-free trade, with agricultural cooperation on the agenda. Energy Markets: Reports say U.S. crude imports from Iraq, Saudi Arabia, and Libya hit zero for the week, while Venezuela remained a key supplier.

Oil & Data Infrastructure: Acting President Delcy Rodríguez inaugurated PDVSA’s Hydrocarbon Technological and Data Management Center, aiming to centralize sovereign oil and gas data (800+ terabytes) and boost predictive maintenance, automation, cybersecurity, and AI for the national oil, gas, and petrochemical industry. Elections & Political Risk: Venezuela’s former opposition candidate Edmundo González renewed calls for presidential elections as Delcy Rodríguez’s interim term nears five months, framing elections as a path to re-institutionalization after the Maduro ouster and U.S. prosecutions. Energy Markets Spillover: Rising crude prices tied to the Iran conflict are set to deliver a major windfall for Guyana, with analysts projecting large gains and renewed pressure on the government to invest oil revenue beyond the sector. Regional Geopolitics: A broader debate is growing across the Caribbean over whether to align with Cuba/Venezuela or the U.S., with Venezuela positioned as central to the region’s economic and strategic equation.

Oil & Rig Market: Brazilian driller Constellation Oil Services says rig demand looks “promising” after its shares uplisted to Norway’s main Euronext Oslo Børs, and it recently secured $1.1B in Petrobras contract extensions for three rigs. Energy & Investment Policy: Venezuela’s acting president Delcy Rodríguez inaugurated a PDVSA-run Comprehensive Health Care Center in Caracas for oil workers, adding radiology, mammography, immunization and emergency services. Food Systems & Agriculture: National Assembly President Jorge Rodríguez urged ministries to buy directly from producers for national food plans, including school and children’s programs, starting with Trujillo. Forestry & Rural Jobs: Venezuela’s Chuquisaca Plan 2026 hit 100,000 trees planted nationwide, with a focus on restoring ecosystems and protecting water basins. Sanctions & Industrial Logistics: A separate report on Venezuela-linked regional supply chains highlights how fuel limits and sanctions-related restrictions can delay unloading and production schedules.

Aviation & Connectivity: JetBlue announced it will launch nonstop flights from Fort Lauderdale to Caracas, joining American’s renewed Miami–Venezuela service and United’s planned Houston–Caracas restart—good news for business travel and family links. Food & Production: In Falcón, Diosdado Cabello said the state has been unable to buy production machinery for 13 years due to sanctions, and that new instructions aim to restart equipment purchases—highlighted during a visit to the Aracua cheese plant. Energy & Industry Diplomacy: Belarus’ deputy foreign minister visited Venezuela to discuss political cooperation and trade/economic/humanitarian ties, including industrial-sector opportunities and next steps for the joint commission. Sanctions Pressure on Industry: The same week’s coverage underscores how sanctions and equipment gaps keep slowing domestic output, with officials pointing to machinery procurement as a key bottleneck. Regional Business Watch: Tanker-market reporting tied demand to Venezuela’s return to mainstream crude exports, with shipping firms citing shifting crude flows and OPEC output as drivers.

Livestock & Agriculture Push in Apure: Venezuela’s National Assembly chief Jorge Rodríguez joined producers in Achaguas, urging an end to sanctions and promising road repairs (Troncal 19 and the Achaguas-Guachara branch). He also said a new Law for the Protection of Livestock Activity will be approved in the second half of June, including stronger rules against cattle theft. Economic-Productive Dialogue: President (E) Delcy Rodríguez led a productive meeting under the Program for Peace and Democratic Coexistence, with Fedeindustria, Cavidea (food industry), and the banking sector at the table to strengthen national economic coordination. Oil & Industry Context: A separate report highlights growing investor focus on the Atlantic Margin, noting renewed attention on Venezuela alongside other offshore basins as firms chase new production opportunities. Regional Business Signal: Venezuela-linked retail operator CP Axtra expanded in Thailand via a partnership with Ayala Corporation, underscoring continued cross-market investment appetite.

Agri-Food Security & Rural Finance: Venezuela’s National Assembly President Jorge Rodríguez announced a push to reform anti-cattle-theft laws after meeting agricultural communes in Apure, aiming to better prevent and punish theft that hits producers directly. Infrastructure & Health Access: Rodríguez also inspected Apure’s priority road intervention on Troncal 19 and backed an in-depth upgrade plan for the Dr. Pablo Acosta Ortiz General Hospital, including operating rooms and intensive care. Agro-Industry Diversification: Delcy Rodríguez toured the Bio Aloe processing plant in Anzoátegui, calling it a model of public-private alliance and industrial projection beyond oil dependence. Banking for Farmers: Falcón’s Diosdado Cabello urged banks to use farmer-friendly financing rules, arguing “humble” producers reliably repay and food output depends on credit. Tourism & Local Production: Cabello highlighted Falcón’s production and tourism potential, saying visitors “eat, stay, consume” and spread the word—linking tourism to local training and community growth. Nuclear Supply Chain (Global): NANO Nuclear Energy said its acquired logistics unit STS completed major DOE/NNSA-aligned nuclear materials transport missions, including HALEU shipments tied to Venezuela’s dormant RV-1 reactor. Sanctions-Era Business Compliance: A brief notes OFAC general licenses for Venezuela-related oil, gas, petrochemicals, mining, and critical minerals—opening limited re-entry while keeping strict compliance obligations. US-Venezuela Legal Signal: AP reports the Trump administration told Miami prosecutors to stand down on criminal investigations into interim President Delcy Rodríguez, as relations warm. Market Integrity Watch: US prosecutors charged a Google engineer with insider trading on Polymarket using confidential “Year in Search” data, underscoring rising scrutiny of prediction markets.