Venezuelan President Nicolás Maduro presented himself to the National Assembly on January 15 to share the country’s economic achievements over the past year.

In his speech, he announced the increase of the monthly economic war bond to 60 dollars and the cestaticket to 40 dollars, both indexed to the exchange rate of the Central Bank of Venezuela. This adds up to a total of $100, information that will soon be made official in the Official Gazette of Venezuela.

Highlighting Venezuela’s economic growth, he said that in 2023 it exceeded 5% of the Gross Domestic Product. Maduro projects growth of 8% in 2024, positioning himself once again as a leader in the region’s economic recovery.

Proud of the results obtained despite the difficulties, Maduro noted that Venezuela’s economic growth was the highest in Latin America and the Caribbean during 2023.

#ÚltimoMinuto | Presidente @NicolasMaduro anuncia que -a partir del #1Feb– los venezolanos tendrán un ingreso mínimo en bolívares equivalentes a 100 dólares indexados, distribuidos de la siguiente manera:

✅ 60 dólares del Bono de Guerra Económica
✅ 40 dólares del cestaticket pic.twitter.com/5K2EcavfM7

— Prensa Presidencial (@PresidencialVen) January 15, 2024

As for oil activity, it reported an increase of 12.99% in the third quarter of last year. Extraction of crude oil and natural gas increased by 14.60%, while oil exports rose by an impressive 60.46%.

He highlighted that Petróleos de Venezuela reached revenues of $6.230 million. He also highlighted the momentum of alliances with international companies such as Repsol in the energy sector.

Maduro also announced strategic agreements between PDVSA and NGC of Trinidad and Tobago, in partnership with Shell, for the development of joint projects.

K. Tovar

Source: El Sumario

(Reference image source: X, @NicolasMaduro)

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In a meeting held this Thursday between the Secretary General of the Forum of Gas Exporting Countries (FPEG), Mohamed Hamel, and the President of Venezuela, Nicolás Maduro, the country made clear its openness to international cooperation in the field of hydrocarbons.

According to the state channel (VTV), which broadcast the meeting, Maduro made it clear that “it is ratified that the Government (…) is open to establishing relations of cooperation, of commercialization in the matter of hydrocarbons, through its main industry PDVSA, with world organizations, under the principles of win-win relationships.”

Rafael Tellechea, Minister of Petroleum, previously met with the FPEG representative to discuss issues related to the sector, agreements, marketing and production.

Delcy Rodríguez, Vice President of the Republic, also held a previous meeting with Mohamed Hamel, as well as delegates from the Forum of Gas Exporting Countries, as well as the executive secretary of the Latin American Energy Organization (Olade), Andrés Rebolledo.

The Forum of Gas Exporting Countries, an integration platform aimed at consolidating a “world model of gas supply and demand with cooperation with international energy organizations”, is made up of Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, United Arab Emirates and Venezuela. While Azerbaijan, Iraq, Norway, Kazakhstan, Oman, Peru and Angola have the status of Observer Members.

M.Pino

With information from national and international media and social networks

(Reference image source: Twitter, @VTVcanal8)

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