Spanish
The acting president of Venezuela, Delcy Rodríguez, estimated this Monday that the investment that will arrive this year to the hydrocarbons sector will be 1.4 billion dollars, whose reform is being debated in Parliament and was already approved in first discussion last week.
"Last year the investment was almost 900 million dollars and for this year an investment of 1.4 billion dollars is estimated and projected," said the acting president, during a public consultation meeting on the reform of the organic hydrocarbons law with representatives of the sector.
In his speech, broadcast by the state-owned channel Venezolana de Televisión (VTV), Rodríguez highlighted the productive participation contracts (CPP) as a "successful" model that, he assured, have contributed to the growth of the sector.
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In this regard, he indicated that the South American country currently has 29 CPPs subscribed, and explained that these models coexist with joint ventures and other mechanisms, such as "technical-financial alliances", without going into detail about how they work. The acting president recalled that these contractual figures were created under the protection of the anti-blockade law, legislation approved in 2020 to circumvent the multiple economic sanctions imposed by several countries. As part of the consultations planned in the debate on the hydrocarbons reform - one of the key initiatives of the acting president - Rodríguez led a meeting on Sunday with workers from the refinery in the city of Puerto La Cruz, in Anzoátegui state (northeast). On Saturday, his brother and president of the Parliament, Jorge Rodríguez, also led the first public consultation of the reform in Anzoátegui. The legislation was approved in first discussion, but a second debate -article by article- is required for the project to be definitively enacted as law. Amendments can be proposed between both discussions. The debate on this reform takes place while Caracas and Washington are going through a new stage in their bilateral relationship, marked by the US attack and the manifest interest of President Donald Trump in Venezuelan oil, whose sale he has anticipated that his country will manage.
