00:00In Caracas, we're going to see live images of a news update that is happening right now.
00:05The U.S. Energy Secretary, Chris Wright, is arriving in Caracas as part of the continued work of cooperation in
00:18the energy sector.
00:19We must call it comes in the wake of the agreement that was signed between the United States and Venezuela
00:29for the promotion of oil fields in the order in Caracas and to continue to develop the oil industry, which
00:37will provide more revenues that will benefit, in the end, the Venezuelan people with the development of social programs in
00:45health, industry,
00:48and education and different social services that will be provided.
00:53These, as we were saying, these are all part for the process of the signing of this milestone agreement between
01:00the United States and Venezuela in terms of energy that will provide in a mid and long term to be
01:08able to turn the wealth that will come from this binational exchange in welfare for the nation.
01:15We must also recall that Venezuela has the largest proven oil reserve of over 300 trillion barrels, and this is
01:25an important aspect.
01:26It is the revenue that Venezuela will achieve with figures of over 209 trillion dollars coming from the sale of
01:39this oil and also the development of the different oil infrastructure to be able to reach the 1.5 million
01:46barrels a day production.
01:50The U.S. Energy Secretary, Chris Wright, is arriving in Venezuelan soil to sign the agreement that was reached between
02:06the United States and Venezuela on the development in terms of energy and production of oil.
02:13As we were also saying, with these agreements, this milestone agreement, 25-year-long agreement, Venezuela also has a vision
02:21of becoming an important energy powerhouse, not only in terms of crude, but also in terms of petrochemical and all
02:27the different derivatives and gas.
02:33It is important to point out from the historic agreements signed between the United States and Venezuela, one of the
02:43most relevant points of that agreement is the sovereign role of Venezuela over its natural resources.
02:52Putting very clear that the US capital will provide capital and technology to be able to empower the sector in
03:02the country, the sovereignty of the natural resources continues to be of the Venezuelan nation.
03:13So, 17 strategic fields and 8 oil-rich fields are going to be developed under this milestone agreement between the
03:22United States and Venezuela.
03:26The aim is, as we were saying, to surpass the 1.5 million barrels, and with this objective, Venezuela is
03:36going to be able to generate new income and also to be able to bolster other opportunities for the Venezuelan
03:42people.
03:43With higher revenues, we will be able to improve and develop the social services like health, education, attention to the
03:53elderly. Venezuela is open to expand its utmost productive capacity.
04:05This is the news that is coming right now, live with the arrival of the US Energy Secretary Chris Wright
04:11in Venezuelan territory to proceed with the final signature of this 25-year historic agreement between the United States and
04:21Venezuela in terms of energy and production of oil.
04:33The US Energy Secretary is being received at the airport here by the Minister of Hydrocarbons of Venezuela, Paula Enau,
04:45and the Charged Affairs of the United States in Venezuela.
04:50Those are the two authorities that were saying they're waiting for the US Energy Secretary to descend from the plane.
05:00As we were saying, the plane arrived at Maiketia International Airport for the arrival of the US Energy Secretary.
05:17That is the latest information coming from Venezuela as we were saying, the arrival of the US Energy Secretary Chris
05:25Wright being received at the airport by the hydrocarbon minister of Venezuela and the US Charged Affairs of Venezuela as
05:35well.
05:35So this is all part of the protocol statements process to lead up to the signature of the 25-year
05:42long milestone deal of energy between the United States and Venezuela in terms for the development, not only of the
05:49oil sector, but the full development of Venezuela as a whole in different sectors.
05:53Thank you
05:53Thank you
