00:00Venezuela's acting president, Elsie Rodriguez, led a working meeting with governors, mayors and members of the political leadership
00:06to evaluate and coordinate policies aimed at national development.
00:09During the meeting, priority was given to optimizing public resources and coordinating between the national executive run and regional governments
00:17as key elements for guaranteeing efficient management.
00:21In addition, progress on local and regional projects was reviewed, with an emphasis on maintaining economic stability
00:27and strengthening social protection programs for the direct benefit of the Venezuelan people.
00:38Venezuela's Minister of Hydrocarbons, Paula Genal, stated that 17 fields are part of the agreement signed throughout the year
00:44and assured that the hydrocarbon team has been in discussions with various companies interested in investing in the country.
00:52It's not just the 17 fields.
00:55Those 17 fields, of course, have a significant impact because they are located throughout the entire national territory.
01:02And as I mentioned, eight of them are what are called greenfield, which, starting from the initial setup for all
01:10topographic surveys
01:11and the construction of the civil and electromechanical works required there to build the wells.
01:16Of course, there will be significant economic activity centered around these areas.
01:21But I want to emphasize that these are parts of agreements that have been signed throughout the year, but they
01:26are not the only ones.
01:28Since January 29th, when the partial reform of the hydrocarbon law was enacted, and subsequently with the development of the
01:35regulations,
01:37we, the hydrocarbon team, have been working with various companies interested in investing in our country.
01:46President Obregón announced a plant with innovative products to transform Venezuela into the world's largest oil producer.
01:54It is important to increase production.
01:58That is, for Venezuela to stop being classified as having one of the largest reserves and instead become the world's
02:06largest oil producer.
02:08Consequently, the hydrocarbons initiative has been underway for 24 months, implementing structural reforms,
02:16and these reforms were primarily aimed at creating the ideal conditions to attract investment.
02:21Indeed, we have spent eight months of hard work carrying out a reform of the hydrocarbon sector,
02:29a partial reform that included innovative models, not just any models,
02:34to attract Venezuelan investors and incorporate basic principles to ensure security, such as the issue of arbitration.
