Donald Trump, President of the United States, is advancing his plans to maximize commercial profits from Venezuelan oil, calling on international oil companies to return to the South American nation.

These companies, however, have requested guarantees to return to the Venezuelan oil industry, given the multimillion-dollar investment required in infrastructure and refining processes necessary for crude oil treatment.

One of the main demands of the international oil companies is political stability, stating that in the face of any risk, such as asset expropriation, the companies require guarantees from the United States.

Another demand, which goes hand in hand with US guarantees, is the fulfillment of Trump’s promises to “help them bring in equipment and personnel, export oil and gas, and generate revenue. Furthermore, they must have the assurance that this support will continue through future administrations and changes in Congress.”

They have also demanded improvements in tax conditions, financial mechanisms for paying outstanding debts, and access to talent in the face of the exodus of skilled personnel in recent years.

M.Pino

Source: elperiodicodelaenergia

(Reference image source: Maria Lupan on Unsplash)

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Microsoft CEO Satya Nadella recently participated in the inaugural Microsoft AI Tour conference in the Mexican capital, where he announced that the company will invest $1.3 billion over the next three years to expand artificial intelligence and cloud capabilities.

At the event, Nadella “showcased the company’s innovations in artificial intelligence agents and in the deployment of data centers and Azure cloud regions.”

Microsoft’s investment over the next three years will be aimed at “improving connectivity and encouraging the adoption of artificial intelligence among small and medium-sized businesses (SMEs), in order to accelerate their digital transformation and business growth.”

Furthermore, the executive indicated that the training of 5 million people in Artificial Intelligence skills is also planned in this period.

“This capital allows us to drive a profound transformation in the capacity of local ecosystems to take advantage of this new raw material as an input, so that they can create value,” added Nadella, stressing the importance of the development of both business and personal digital assistants, which strengthen the technological revolution.

Regarding the cloud, he highlighted the installation in 2020 of a cloud region in Mexican territory, through an investment of $1.1 billion. In May 2024, the second investment was announced for $1.3 billion. This cloud region “is part of the 40 regions with which the company offers its services globally, which are made up of more than 300 data centers distributed throughout the world.”

M.Pino

Source: americaeconomia

(Reference image source: Getty Images for Unsplash)

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