On February 12, during a joint venture oil and gas visit to Petro Independencia with US Energy Secretary Chris Wright, Ms. Delcy Rodriguez announced a new strategic vision for the country's energy industry. She emphasized the determination to transform Venezuela's position from a country with only the largest oil reserves on the planet into a leading global crude oil producing entity.
Ms. Rodriguez said that deepening cooperation in the oil and gas sector will bring practical and sustainable economic benefits to the people of both countries.
In the new context, Caracas affirms its policy of full openness and is ready to create the most favorable conditions to welcome investors from the US as well as other countries around the world to return to exploit the huge energy potential here.
Petro Independencia, the focus of the visit, is a strategic joint venture between the Venezuelan National Oil Corporation (PDVSA) and the US Chevron Corporation. Currently, this facility is operating in the Orinoco oil strip with the ability to mine and process about 40,000 barrels of super-heavy oil per day. This project is not just an economic facility but also considered a powerful symbol of Venezuela's efforts to restore the energy industry after a long period of volatility and difficulties.
At the meeting, representatives of Chevron Group made optimistic forecasts, saying that production at this oil field has the potential to break through to 300,000 barrels per day in the future. This goal is considered completely feasible thanks to the energy recovery plan promoted by the US government, which focuses on the most advanced super-heavy oil extraction and treatment technologies.
In addition, Chevron also reported very positive progress on other important projects, typically the Petropiar joint venture in coordination with PDVSA. These advances show a breakthrough change in Caracas' diplomatic and economic strategy. Close cooperation with leading US energy corporations not only helps Venezuela modernize its outdated mining infrastructure but also opens the door to deep reintegration into the competitive international oil market.
The direct presence of US Energy Secretary Chris Wright during the visit is the clearest proof that Washington is placing high priority on stabilizing energy supplies in Latin America.
If these cooperation plans are successfully implemented according to the roadmap, the world energy map will certainly witness the strong rise of Venezuela, re-establishing a new order in the global oil industry in the coming years.
