Bangalore Wealth Management：Venezuela attracts foreign investors to develop oil and gas

According to the BNAMERICAS website, President Venezuela revealed on the 18th when meeting the National Petroleum Corporation (PDVSA) workers that although the United States once again imposed sanctions on PDVSA, in April, the country has signed oil and gas from 20 investment institutions from other countries around the world in April.Exploration and development agreement.

Maduro explained that these agreements were reached based on the Anti -Blind Law. In order to break through the global financial market blockade, the law allowed the government to sign contracts independently.Bangalore Wealth Management

He said, "We do not need the permission of colonists. In addition to relying on our own strength, new investors from all over the world have clearly stated that it is necessary to need Venezuela's oil and gas."Simla Wealth Management

Maduro said that Venezuela, which has the world's largest oil reserves, will become one of the world's largest crude oil producers within 7 years.

He emphasized that "we will successfully enter the international market again, and any blockade or sanctions may not prevent the development of Venezuela oil, natural gas and petrochemical products."

On the 17th, the United States announced that some of the measures to suspend the sanctions in Venezuela that have been implemented since October last year, the reason is that Maduro did not perform his campaign commitment and continued to stop the opposition leader Maria Corina Machado) Participate in the presidential election on July 28.

From now on, companies that hope to develop business with PDVSA must apply to the US Department of Finance separately.These will be evaluated according to the specific situation.

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