The Venezuelan state oil company PDVSA signed a memorandum of understanding with TotalEnergies E&P New Ventures, a subsidiary of the French company TotalEnergies, to establish strategic cooperation in the hydrocarbons sector.

The signing took place in Caracas, at Miraflores Palace, with the participation of Venezuela’s interim president, Delcy Rodríguez, PDVSA president Héctor Obregón, Minister of Hydrocarbons Paula Henao, and TotalEnergies’ chief financial officer, Jean-Pierre Sbraire.

 

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La entrada Venezuela signs memorandum of understanding with TotalEnergies subsidiary apareció primero en Bitfinance.

The interim president of Venezuela, Delcy Rodríguez, signed several economic cooperation agreements with the president of Suriname, Jennifer Geerlings-Simons, during her official visit to the country.

These agreements focus on key sectors for the two nation’s development, such as hydrocarbons, air connectivity, agriculture and fishing, as well as education, science, and technology.

According to Rodríguez, speaking on Friday, September 11, these are “economic and commercial cooperation agreements to solidify our bilateral relations.” These agreements are of great importance, and Venezuela anticipates being able to share its expertise in oil and gas exploration and production, as well as provide training to Suriname’s industry.

Furthermore, the interim president of Venezuela announced “the finalization of an agreement that will facilitate closer ties between the two nations through direct commercial flights and the granting of the so-called fifth freedom of the air, which authorizes airlines to transport passengers, cargo, and mail.”

In the agricultural sector, the agreements will seek to strengthen food production for food security, as well as harmonize bilateral regulations. Regarding fishing, the bilateral agreement “will allow Venezuelan fishermen to obtain licenses to fish in Surinamese waters.”

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La entrada Venezuela and Suriname sign strategic cooperation agreements apareció primero en Bitfinance.

El Salvador will halt the increase in gasoline and diesel prices in three regions of the country until June 8, according to an announcement by the Directorate of Energy, Hydrocarbons, and Mines.

The reference fuel prices are: premium $4.74, regular $4.41, and diesel $4.44 in the central region; in the western and eastern regions, premium remains at $4.75, regular at $4.42, and diesel at $4.44.

The conflict in the Middle East has destabilized the global energy market, causing fuel shortages and price increases. El Salvador, like other nations, is seeking to maintain calm among the population and the industrial sector, where the use of gasoline and diesel is crucial.

According to local authorities, “stable prices allow drivers to better plan their transportation expenses. While this isn’t a price reduction, the stability helps avoid a further increase in the cost of filling up, especially for those who travel long distances or use their vehicle for work.”

New reference prices will be announced after June 8. In the meantime, consumers continue to “compare prices between gas stations, check tire pressure, avoid sudden acceleration, and plan routes to reduce unnecessary travel.”

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La entrada El Salvador to maintain gasoline and diesel prices until June 8 apareció primero en Bitfinance.

The Venezuelan state oil company Petróleos de Venezuela (PDVSA) and the Italian company Eni signed an agreement on Tuesday, April 28, to increase gas production, amid the opening of the energy sector following the easing of US sanctions against the South American country.

The ceremony between representatives of ENI and PDVSA was held at Miraflores Palace in Caracas. Regarding this, Claudio Descalzi, CEO of the Italian company ENI, stated: “This will be one of the company’s most important investments,” asserting that they are the only company “that develops and supplies gas to the domestic market, so we never left Venezuela.”

The agreement guarantees ENI the exploitation of the Junín 5 field in the Orinoco Oil Belt, with estimated reserves of 35 billion barrels.

Furthermore, Delcy Rodríguez, acting president of Venezuela, declared that the agreement “marks a milestone in the relations between ENI and Venezuela” and explained that the objective of this joint project is to give an extraordinary boost to production.

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La entrada PDVSA signs agreement with Italian company Eni to increase gas production apareció primero en Bitfinance.

Ecuador’s oil production could increase by 2,411 barrels per day between the end of April and the beginning of May of this year, according to the government, after reaching 459,743.34 barrels per day last Sunday.

Of this figure, 363,789.35 barrels came from Petroecuador and 95,953.99 barrels from private companies, according to data from the Hydrocarbons Regulation and Control Agency.

Ecuadorian authorities anticipate “increased exploration activity, well testing, and the stabilization of production at wells such as Yuralpa-36 HST1, Shushufindi-223, and Tigüino-26.”

Specifically, the Yuralpa well, located in the Amazonian province of Napo and operated by Petroecuador, “will contribute approximately 678 barrels per day, while Shushufindi-223, in the Amazonian province of Sucumbíos, will add around 1,010 barrels per day. Meanwhile, Tigüino-26, located in Orellana and operated by the private company Petrobell, will contribute 723 barrels per day.”

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La entrada Ecuador’s government expects to increase oil production by 2,411 barrels per day apareció primero en Bitfinance.

The Venezuelan Confederation of Industries (Conindustria) recently indicated that the country’s growth this year could exceed 12 % despite certain obstacles that are slowing the economy’s momentum.

The organization referred to the “excessive” taxes, the exchange rate gap, and the lack of available foreign currency and financing as obstacles to growth. However, he highlighted that “Venezuela’s private manufacturing output increased by 5.4 % last year compared to 2024, and the industrial sector projects 12.7 % growth by 2026.”

Furthermore, production in the country increased by 6.8 % in the first quarter; 0.1 % in the second; 5.2 % in the third; and 9.5 % in the fourth quarter of last year.

Tito López, president of Conindustria, indicated that the figures obtained so far demonstrate that Venezuelan industry remains strong, “investing, producing, and generating employment.”

Regarding the investment needed to revitalize the country’s industry, López stated that $3.4 billion is required.

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La entrada Conindustria estimates growth exceeding 12 % in Venezuela apareció primero en Bitfinance.

The Bolivian government announced on Tuesday, February 3, that it is working on a package of laws aimed at strengthening the national economy and sustainable development by attracting domestic and foreign investment.

The South American nation seeks to “strengthen international cooperation and guarantee legal certainty” through investments in key sectors such as energy, hydrocarbons, and mining.

José Luis Lupo, Minister of the Presidency, stated that these “legislative initiatives seek to provide long-term legal support for the decrees recently approved by the Executive Branch, which are aimed at boosting the economy and creating a more predictable environment for investors.”

Lupo explained that the package of laws will be sent to the Legislative Assembly for the evaluation of “projects related to international loans secured by President Rodrigo Paz Pereira from multilateral organizations such as the Development Bank of Latin America and the Caribbean (CAF) and the Inter-American Development Bank (IDB).”

He emphasized the country’s goal of “overcoming regulatory barriers, reducing bureaucracy, and strengthening the rule of law, with the aim of creating favorable conditions for investment, technology transfer, and export growth.”

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La entrada Bolivia prepares package of laws to attract investment in strategic sectors apareció primero en Bitfinance.

This week, the Venezuelan government announced its decision to exempt the import of fuels and additives from taxes.

This is stated in Official Gazette No. 43,292, dated January 9, 2026, which published Decree No. 5,207, establishing the exemption from “Value Added Tax, Import Tax, and Customs Regime Determination Fee, on definitive imports and sales within the national territory of fuels derived from hydrocarbons.”

The Decree also establishes the exemption for “inputs and additives intended to improve the quality of gasoline, produced directly by the State, or by companies wholly owned by the State, or by mixed enterprises with State and private capital participation in any proportion, and by private companies, in accordance with the provisions of Article 58 of the Organic Hydrocarbons Law.”

To comply with this government order, it is specified that, for the purpose of enjoying the tax exemption, beneficiaries must submit the following documents to the respective Customs Office when registering their declaration:

– A descriptive list of the tangible personal property to be imported.

– A commercial invoice issued to the agency or entity responsible for acquiring the tangible personal property to be imported.

– An official letter of exemption from Import Tax and the Fee for Determining the Customs Regime issued by the National Integrated Customs and Tax Administration Service (SENIAT).

The legal instrument also specifies that “the final imports of tangible personal property must be carried out through the same customs office chosen by the beneficiary of the exemption.” If the beneficiary needs to make final imports of tangible personal property through a customs office other than the one selected, they must notify the customs office of entry.

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La entrada Imports of fuels and additives exempt from taxes apareció primero en Bitfinance.

On Thursday, May 23, the president of Venezuela, Nicolás Maduro, announced that he has allocated $7,657,093 to finance 210 projects in different key areas for the country, most of them led by women.

In a televised event, Maduro declared: “Today we are going to deliver the corresponding amount in dollars, to 7,657,093 dollars, doing a lot with what we have and generating resources, generating more and more resources based on the research applied to the technology, health, education.”

He highlighted that 821 women participate in the 210 projects that will be financed. He explained that of the total number of projects, 70 in the research area are related to the agri-food sector, “41 to the pharmaceutical sector, 29 to the field of social sciences, 15 to the dissemination of scientific and technological knowledge, 14 to hydrocarbons, 14 to the environment, 6 to the industry, 10 to the scientific hotbed and 1 to education.”

Maduro insisted on the need to disseminate these initiatives so that the population is aware of what is being done: “We must make a communication effort through the networks, the media, by institution, by university, so that the example of All these research projects, applied technology, infect generations of young people who are being trained throughout the country with a thirst for knowledge.”

The president also referred to the importance of activating the mechanisms for assigning training scholarships in postgraduate and higher preparation programs to all scientists in the country, both in national universities and for institutions abroad.

In this regard, he mentioned integration with the BRICS group, as an alternative so that Venezuelan researchers “can study in universities outside the country so that they can assume cooperation in knowledge and articulation with the world that has already been born.”

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La entrada Nicolás Maduro approved more than USD 7 million for research projects apareció primero en Bitfinance.

Venezuela’s dependence on Iranian crude continues to grow. In the coming days, tankers from Iran with a cargo of crude oil of some 1,220,000 barrels, in addition to another 2,000,000 of condensate, are expected to arrive on the Venezuelan coast, in Anzoátegui State.

Spokesmen for the Venezuelan oil company PDVSA have released the news. The company requires a large quantity of diluents provided by Iran to convert the heavy oil into that needed for export. On the other hand, PDVSA also uses Iranian hydrocarbons to produce the gasoline that the Latin American country requires.

According to information provided to the media, this month Venezuela received supplies from Iran through the Very Large Crude Carrier oil tanker, operated by the National Iranian Tanker Company (NITC).

Iran has increased the supply of oil to Venezuela in recent months, in the midst of a global crisis that includes sanctions on the Caribbean nation from the United States and the destabilization generated by the Russia-Ukraine confrontation.

Venezuela has received Iranian South Pars condensate, mainly used in the oil tanker fleet. At the beginning of 2022, the company Naftiran Intertrade Company Ltd. signed a contract with PDVSA for 110 million euros that allowed the renovation of one of the Venezuelan refineries. The commercial collaboration continues, through the importation of Iranian crude and condensate.

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La entrada Venezuela will receive 1,220,000 barrels of crude oil from Iran apareció primero en Bitfinance.