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On Saturday, Venezuela and Texas signed a Memorandum of Understanding, marking a new chapter in energy cooperation. The agreement establishes a partnership between the Venezuelan Small and Medium Enterprise Petroleum Association (PETROPYMI) and the Latin American Petroleum and Gas Companies Association of Texas. Initiated by the private sectors of both regions, the alliance aims to boost crude oil production and strengthen small and medium-sized oil industries, which have historically been marginalized by large transnational corporations.

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00:00En otras noticias, en Saturday Venezuela y Texas signó un memorándum, un entendimiento que opens a new chapter en la
00:06cooperación entre el Venezuelan Small y Median Enterprise Petroleum Association, Petro Pimi, y el Latinoamericano Petróleo y Gas Company Association
00:15de Texas.
00:15The agreement initiated by the private sector of both parties aims to boost crude oil production and threaten small and
00:22medium-sized oil industries, historically marginalised in favour of large transactional corporations.
00:28The alliance includes joint feasibility, studies, development of projects in the oil, petrochemical and gas sectors, and exchange of information
00:36and energy infrastructure.
00:37The pact comes at a time when the sanctions and external pressure have hit the sector.
00:43However, it is proved that real interests prevail over the rhetoric of the blockade.
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