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.

 

Ver esta publicación en Instagram

 

Una publicación compartida por GOBIERNO DE CARACAS (@gobdecaracas)

“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

(Reference image source:  Social Network X, @PDVSA)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada PDVSA and Repsol sign memorandum of understanding on oil and gas in Caracas apareció primero en Bitfinance.

During a conference on Thursday with the country’s governors, mayors and business sectors, Nicolás Maduro decreed four special economic zones (ZEE in Spanish) that will allow, according to the president, the transition towards a post-oil economic model.

Maduro pointed out: “I am sure (that this) will allow us (…) to continue advancing, with great determination, with great perseverance, in the construction of a new economic model that allows the integration, perfectly, of the economic, productive, technology from the different regions of the country, with new sources of national (…) and international investment.”

The first ZEE is La Tortuga Island, where “one of the most important (tourist) projects” will be developed in the Caribbean, “made” by “an Italian company” to promote the activity. In second place is the Paraguaná peninsula, in the Falcón state, in the west of the country, facing the Caribbean Sea. Then, in third place, is the coastal state of La Guaira, where the development of “activities related to tourism, fishing and industry” is planned. And fourth, the military ZEE in the state of Aragua (central-north) for the “development of all the scientific, technological and industrial potential of the Bolivarian National Armed Forces (FANB).”

According to Maduro, these special economic zones will promote the “path of technological and industrial development” and the “diversification of sources of income” for the nation.

The executive vice president, Delcy Rodríguez, who participated in the meeting, indicated that among the incentives established by the ZEE Law is “a 50 % reduction in port and customs services for exports”, in addition to the “reimbursement of Tax On Income (ISLR), which can reach, in the first six years, up to 100%, depending on the export activity.”

M.Pino

Source: swissinfo

(Reference image source: @PresidencialVen, on X social network)

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 Twitter and Instagram

La entrada Venezuela will promote development with four special economic zones apareció primero en Bitfinance.