Venezuela Signs First LNG Export Contract; Focus on Domestic Production
Venezuela's acting president, Delcy Rodríguez, announced the signing of the country's first liquefied natural gas export contract, highlighting that oil revenue will fund domestic production and social development through sovereign wealth funds. She reported an increase in oil production to 1.2 million barrels per day and outlined plans for credit access in various sectors, while advocating for a National Committee to defend Venezuela's economic rights in international forums.
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Delcy Rodríguez, acting president of Venezuela, announced the signing of the country's first liquefied natural gas export contract during the National Economic Council meeting. She emphasized that oil revenue will support domestic production and social development through sovereign wealth funds.
Rodríguez stated that PDVSA increased oil production to 1.2 million barrels per day. The plan includes credit access for various productive sectors and a focus on import substitution. Rodríguez called for a National Committee for the Defense of Venezuela's Economic Rights in international forums.
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