The Venezuelan state oil company PDVSA signed a memorandum of understanding with Spain’s Repsol on Tuesday, June 16, in the oil and gas sectors as part of the national strategy to recover productive capacity and attract investment.

 

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“The agreement was signed at Miraflores Palace by Héctor Obregón, president of PDVSA, and Francisco Gea Pascual de Riquelme, executive director of Exploration and Production at Repsol. Josu Jon Imaz, the company’s CEO, also participated and highlighted the company’s more than three decades of experience in the country.”

Repsol is expected to work jointly with PDVSA to reach new technical and commercial agreements.

M.Pino

Source: finanzasdigital

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In a recent meeting between the Venezuelan ambassador to Iraq, Arturo Aníbal Gallegos, and the Iraqi Minister of Agriculture, Abbas Jabr Al-Maliki, a memorandum of understanding was signed to strengthen trade cooperation between the two countries.

During the meeting, the Iraqi minister indicated that the nation is deeply interested in importing 400,000 head of Venezuelan cattle by 2025 to meet its people’s demand for protein.

This meeting addressed the need to “strengthen collaboration in livestock, beef consumption, and other agro-industrial areas.” The importance of “promoting bilateral private investment in the agro-industrial sector, enabling the development of productive capacities in Iraq with support from Venezuela’s experience,” was also highlighted.

The expansion of trade between the two countries includes the inclusion of strategic products “such as coffee, cocoa, and tropical fruits from Venezuela, while Iraq will offer its surplus wheat and dates.”

M.Pino

Source: ultimasnoticias

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The Vice Minister of Venezuela for Europe, Coromoto Godoy, met with the ambassador of Denmark in Colombia and concurrent for the Caribbean nation, Erik Høeg, to discuss various issues, including the possibility of signing an agreement on migratory assistance for citizens of both nations. .

The information was published this Saturday by the Venezuelan Foreign Ministry, highlighting that “the officials discussed, in a meeting in Caracas, about the convenience of signing a memorandum of understanding that establishes a mechanism for consular and immigration consultations, to optimize assistance to citizens from both countries.”

Høeg held various meetings in Caracas, although he did not give details about the meetings, for a better understanding of the country’s economic situation. He thanked the honorary consuls for their work for Danish citizens in Venezuela.

📰#Noticia | Venezuela y Dinamarca trabajan para estrechar relación bilateral (+Detalles) 👇https://t.co/Nr3t8IINQO#NicoLike pic.twitter.com/jfhQcFJ1Pd

— Cancillería Venezuela 🇻🇪 (@CancilleriaVE) June 15, 2024

M.Pino

Source: swissinfo

(Reference image source: @GodoyCoromotoVE, X)

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Through the signing of a memorandum of understanding, the companies Petrobras of Brazil and Enarsa of Argentina will seek an alliance in the field of natural gas.

According to a statement about this alliance, it was established that “the non-binding agreement has a term of three years and will allow the exchange of information, the evaluation of cooperation alternatives and energy complementarity between the two companies.”

Argentina seeks to coordinate the necessary measures to better guarantee the country’s gas supply during the winter, since it is the period of greatest demand.

“According to Petrobras, these actions to supply gas to Argentina will not have any impact on the supply of raw material in Brazil or any additional financial cost for the company.”

For its part, the Argentine Enarsa indicated that the memorandum with this alliance will be able to supply gas to the Argentine northwest “while the recently tendered works for the reversal of the Northern Gas Pipeline are completed”, in order to bring gas from the Vaca Muerta formation, in the province Patagonian town of Neuquén, to that area of ​​the country.

It is important to highlight that it is the second unconventional gas reserve in the world and the fourth oil reserve. So its development is crucial for the South American country, given that it will allow it to “reverse a significant deficit in the energy trade balance and become a net energy exporter.”

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Source: yahoonoticias

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The transition towards the circular economy is one of the objectives of China and the European Union, regions that have decided to reinforce their efforts in this area with a memorandum of understanding.

A joint roadmap will allow China and the EU to delve into the treatment of plastics, “the value chains of batteries and remanufacturing,” according to the Community Executive in a statement.

Likewise, joint action is oriented towards the global challenge represented by the circular economy, with “important changes in all countries of the world”, according to the European Commissioner for the Environment, Oceans and Fisheries, Virginijus Sinkevicius.

In his opinion, the roadmap will allow progress towards the creation of new opportunities for “more sustainable production and consumption.”

Both blocks will meet in May to hold a workshop on the circular economy and plastics. And the rest of the year there will be other meetings to address the battery and remanufacturing value chains.

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Source: swissinfo

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The Minister of Foreign Trade of Costa Rica, Manuel Tovar, and the Minister of Economy and Industry of Israel, Nir Barkart, have signed this Wednesday a memorandum of understanding on trade and have agreed to start negotiations to achieve a free trade agreement between the two countries.

The objective of both governments is to start said negotiation in the last quarter of 2023, as reported by the Costa Rican Ministry in a statement. For the country’s government, the Middle East region offers ample space to strengthen its global position in terms of trade and investment.

As Tovar has stated, there are evident and undeniable positive synergies between the two economies, which can be capitalized to promote mutually beneficial results, such as participation in global value chains for advanced manufacturing and highly sophisticated services. “Both countries have a lot to offer each other,” he said.

On the one hand, Israel could contribute to Costa Rica its knowledge in innovative industries such as high technology, cybersecurity, agrotechnology and clean technologies. For its part, the Central American country has an outstanding manufacturing industry and agricultural products.

Commercial opening

This same week, the Minister of Foreign Trade of Costa Rica has also visited the United Arab Emirates (USA), where he has met with his counterpart to announce the launch of negotiations for a trade agreement.

In this way, the small Middle Eastern country would sign its first trade agreement with a Latin American nation, in line with its objective of diversifying its economy.

It is expected that this will be a comprehensive agreement that covers issues of trade in goods and services, investment or health. The rounds of negotiations will begin at the latest in the second half of this year.

Source: dpa

(Reference image source: ComexCR, Europa Press)

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Bancamiga and the United Nations Development Program (UNDP) signed a Memorandum of Understanding in order to strengthen the provision of financial and non-financial services to micro, small and medium-sized enterprises, thus reinforcing value chains in strategic sectors of the country’s economy.

In the document, which was signed this Thursday, October 13, between the Resident Representative a.i. of the UNDP in Venezuela, Rosicler Gómez, and the Executive President of Bancamiga, Ariel José Martínez, the UNDP will offer technical assistance for the transfer and execution of its business development methodologies: “En Marcha Digital”, Entrepreneurship Route and the Supplier Development Program.

These three work methodologies will allow training and advice to thousands of entrepreneurs in the country with audiovisual content and technological tools.

The Executive President of Bancamiga, Ariel José Martínez, stated that with these initiatives Bancamiga, as a private company, contributes to the fulfillment of four Sustainable Development Goals (SDGs): N° 5 referring to Gender Equality, N° 8 (Decent work and economic growth), No. 9 (Industry, innovation and infrastructure) and No. 13 (Climate action).

“We hope to be an active agent in the Venezuelan entrepreneurial ecosystem, providing innovative services that promote successful businesses from a gender perspective and with an economic, social and environmental impact,” she said.

For her part, the UNDP Resident Representative a.i recognized the importance of this initiative for promoting the economic development of the country, adding that “it is a pleasure to establish this cooperation framework, where the tools developed from the UNDP will be used, to provide assistance to Venezuelans in the development of the national productive sector”.

Before the signing of the Memorandum, the UNDP and Bancamiga have been holding technical meetings in order to jointly implement initiatives that contribute to the improvement of capacities and the promotion of entrepreneurship and Micro, Small and Medium Enterprises (MSMEs), in coordination with the financing strategies promoted by Bancamiga in the country, which include financial and non-financial products and services aimed at strengthening the capacities of this sector.

Bancamiga will promote a Business Development Unit

Another aspect of the signed document to highlight is that the UNDP will promote the improvement of the organizational support, follow-up and monitoring structure that Bancamiga creates to coordinate and execute the business development methodologies to be transferred by the UNDP to the organization.

According to the text, Bancamiga will form a Business Development Unit with a minimum team that “will be progressively strengthened to the extent that the pilots of the different methodologies transferred by the UNDP are applied and plans are made to increase coverage and increase impact.”

With the signing of the Memorandum of Understanding with the UNDP, Bancamiga reaffirms its commitment to promote the growth of communities by creating opportunities for the commercial and business sector in general.

The cooperation proposed in the Memorandum will have an initial duration of 15 months from the date of entry into force.

With information from Bancamiga

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Airbus and Ecocopter have signed a Memorandum of Understanding to start collaborating on the launch of urban air mobility services in Chile, Ecuador and Peru, as reported in a statement.

The companies have highlighted that this is an important step towards the co-creation of a functioning urban air mobility (UAM) ecosystem in the region.

With this agreement, the firms will explore and define scenarios for launching air mobility operations, especially in Ecuador, Chile and Peru. This includes joint activities to develop UAM operations on the continent, as well as ways to approach early use cases and pilot cities and regions.

“With 20 years of experience operating helicopters and five years operating drones, this association is a natural step for us. We seek to be a relevant player in the UAM ecosystem and the projects that we will develop together with Airbus will bring us closer to this goal”, highlighted the CEO of Ecocopter, Marcelo Rajchman.

For his part, the head of Partnerships and Execution of Airbus Strategies for the UAM, Balkiz Sarihan, pointed out that with this alliance the companies take “concrete steps in the co-creation of the UAM ecosystem” and in the decarbonization roadmap.

“This partnership leverages Airbus’ expertise in innovative vertical flight technologies, and Ecocopter’s extensive operational history and innovative culture,” added Sarihan.

Founded in 2003, Ecocopter specializes in highly complex aerial work missions in South America. Its fleet of Airbus helicopters, made up of 16 H125s, two H135s and three H145s, is characterized by its great versatility and performs missions ranging from offshore transport, mining support, medical evacuation, firefighting and nearly the full range of aerial work missions.

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Source: dpa

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