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The interim president of Venezuela, Delcy Rodríguez, held a meeting last Thursday with executives from the British oil company Shell to evaluate gas projects in the country, as reported by Entorno Inteligente.
In the center of the discussions was the Dragón Project, an offshore gas development with estimated reserves of 4.5 trillion cubic feet and a projected capacity of up to 525 million cubic feet per day.
In the meeting, broadcasted by the state channel VTV, participated the regional vice president of Shell, Adam Lomas; the vice president of Global Gas, Cederic Cremers; the representative of Shell in Venezuela, Alfredo Urdaneta; the president of PDVSA, Héctor Obregón; and officials from the Ministry of Hydrocarbons.
The next day, Rodríguez led a high-level meeting in the Simón Bolívar room of PDVSA La Campiña with more than 230 entrepreneurs from the oil sector. The stated objective was to stimulate private and foreign investment in the Venezuelan hydrocarbon industry.
Among the attendees were representatives from the Venezuelan Oil Chamber, the Venezuelan Hydrocarbons Association, investors in Productive Participation Contracts, partners from mixed companies, and organizations like PetroPymi and ASOQUIM. The gathering reflected the scope of the new opening strategy that Rodríguez has been promoting, breaking with classical chavismo.
This approach with Shell occurs in a context of intense diplomatic and commercial activity surrounding Venezuelan oil. In February, Rodríguez hosted the Secretary of Energy of the United States, Christopher Wright, in a sign of Washington's interest in closely monitoring investment flows in the sector.
The projections regarding the impact of these openings are ambitious. The U.S. estimates that Venezuelan oil will generate thousands of jobs and significant foreign currency in the coming years, in a scenario that some analysts describe as a potential boom for the industry.
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