An international investment exceeding $40 million is the starting point for the recovery and modernization of Venezuelan paperboard plants, according to announcements by government officials.

This project is being developed jointly by “the Executive Vice Presidency of the Republic, the Ministry of Industry, the Ministry of Labor, and the International Center for Productive Investment (CIIP).”

This investment will allow for the modernization of equipment in Venezuelan paperboard factories, as well as “the incorporation of new technologies, with the aim of guaranteeing job stability and strengthening national production,” states the Ministry of Industry website.

Venezuela seeks to cover domestic demand for paperboard packaging in key sectors such as food, pharmaceuticals, and consumer goods, significantly reducing its dependence on imports.

The project is expected to generate hundreds of new direct and indirect jobs, “contribute to the dynamism of the national industry, and open the possibility of exporting surpluses in the medium term, thus making the paperboard sector a strategic link in the country’s production chain.”

M.Pino

Source: ultimasnoticias

(Reference image source: Luke Heibert on Unsplash)

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Nicolás Maduro, President of Venezuela, indicated during a meeting with economic sector officials that the country is ready for international investment in oil and gas.

The president emphasized the importance of creating a “comprehensive, national economic model, articulated with the world and that fulfills three fundamental elements: production, supply, and export.”

Maduro declared that during the month of February, the nation produced 1,058,000 barrels of oil per day and reiterated his promise in January, upon assuming his new mandate, that Venezuelan oil fields “will continue producing, growing, and consolidating their production.”

Maduro said: “No one in this world will be able to remove us from the equation of global energy stability and security. No one can exclude us from an equation of which we are a part.”

M.Pino

Source: rcnradio

(Reference image source: Rodeo Project Management Software on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Venezuela is open to international investment in oil and gas apareció primero en Bitfinance.