The energy company Shell is evaluating a multi-billion dollar investment in Venezuela’s offshore natural gas sector, according to the company’s CEO, Wael Sawan.

This is an opportunity that could materialize in the coming months, according to Sawan, who spoke to CNBC. However, he clarified that Shell is currently “awaiting approvals for these investments,” according to Reuters.

It is important to note that to proceed with this multi-billion dollar investment, Shell would need to obtain a license from the U.S. Office of Foreign Assets Control (OFAC) to operate in Venezuela.

Regarding this, Sawan said: “We are currently awaiting OFAC licenses from the U.S. government, and within a relatively short timeframe, we believe we could reach a final decision on investment and production a couple of years later.”

M.Pino

Source: noticiasbarquisimeto

(Reference image source: Jethro Carullo on Unsplash)

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Morgan Stanley is definitively opening up to the cryptocurrency sector, encouraging its clients to consider them as a broader investment option.

“In a new report from its Global Investment Committee, the banknotes that cryptocurrencies can have a place in modern portfolios, provided this is done in a controlled and limited manner. Advisors can guide clients on opportunities, but also on market volatility.”

Depending on each investor’s risk profile, the firm “recommends holding between 2 and 4 percent in digital assets. For conservative investors, the recommendation remains at zero.”

The principle applies to more than 16,000 financial advisors, who collectively manage more than $2 trillion in client wealth. In this regard, the report notes that “digital assets like Bitcoin can provide long-term value, but only within a balanced portfolio with periodic rebalancing.”

Morgan Stanley compares Bitcoin, the market’s leading cryptocurrency, to digital gold; it considers it a scarce digital asset that cannot be simply printed, used by investors as a hedge against inflation and currency risks.

The bank is likely to announce the launch of cryptocurrency trading through E*Trade in 2026, in collaboration with the infrastructure company Zerohash. “Clients will be able to buy and sell Bitcoin, Ether, and Solana. The plan is part of a broader trend in which large banks offer crypto products through trusted platforms.”

M.Pino

Source: 99bitcoins.com

(Reference image source: Sven Piper on Unsplash)

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The main objective of the Government of Peru is to reactivate its economy and regain the confidence of foreign investors, for which it seeks to enhance the business opportunities presented by the country’s strategic sectors.

This was done by the Minister of Economy and Finance of Peru, Alex Contreras, in a bilateral business meeting held at the CEOE headquarters in which he addressed Spanish companies to highlight investment opportunities in the country and in the Andean Community of Nations (CAN).

“New times are blowing for Peru, in which actions and not just words prevail,” Contreras defended. For the economic head of the Government, Spain is a long-term strategic partner for Peru and has assured that the Andean country will be 100%  ready to support foreign investments.

In this context, the minister has announced that the framework of regulatory stability and legal certainty will be reinforced, that progress will be made in the fight against informality and that there will be a commitment to closeness with the investor.

The event was held within the framework of the activities promoted by CAF in Spain with strategic allies, to generate meeting spaces between relevant actors in the bi-regional relationship. This event served to present the country that chairs the board of CAF and the Andean Community of Nations (CAN), where the presence of Spanish companies has been and is of great relevance for its development.

Infrastructure and development projects in Peru

Along these lines, the minister has highlighted the reforms that are going to be carried out and that will make the country more efficient. In the field of infrastructure, the aim is to improve the physical, digital, social and connectivity infrastructure.

In turn, he has referred to the need to strengthen the agri-food and mining sectors, massify the gas network, relaunch a proactive agenda for the Amazon or reindustrialize the country. “All this implies more logistics, more projects and more investment,” he stressed.

To attract more Spanish companies, the president of the CEOE, Antonio Garamendi, has pointed out that, although the results of business cooperation in recent years “have been clear”, it is necessary to advance in the negotiations of the agreement to avoid double taxation between both countries.

In his opinion, this agreement is “essential” to intensify investments by Spanish companies in Peru and from which both the public and private sectors would benefit.

Furthermore, the president of the employers’ association recalled that there are other aspects that businessmen greatly value when investing, such as legal certainty, access to financing or less bureaucracy associated with public tenders.

Source: dpa

(Referential image source: David Mudarra, Europa Press / dpa)

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