00:00Venezuela strengthens its global energy portfolio.
00:03The revival of strategic alliances boosts investment and national economic development.
00:07Our colleague Luis Tavera has the details.
00:11The Venezuelan capital moves forward amid economic and geopolitical reshaping.
00:17After years of sanctions, the revival of energy alliances between Caracas and Washington
00:22marks a new phase of international opening and consolidates peace diplomacy as a strategic pillar.
00:32I hope that Venezuelan products will continue to be an extraordinary reflection of who
00:36we are when they reach the United States, when they reach Europe and other regions of the
00:41world.
00:41And once again, we welcome you for joining us on this very special day and to thank you
00:46for all the effort you have put into making these agreements a reality.
00:51Venezuela's plan under these agreements called for a partnership between Hebre Nova, PDVSA
00:56and Corpoelec to stabilize the electricity and oil infrastructure.
00:59The inclusion of the Italian company ENI as a key operator in the mega giant Campo Junín
01:04V and the gas sector.
01:06And Chevron's plan to invest more than $7 billion to increase production to 600,000 barrels per day.
01:11A turning point in bilateral relations that is raising expectations in the trade sector.
01:15Experts in the field assess the scope of this energy partnership and its implications for the region.
01:25See the opportunity that Venezuela presents for the energy sector, the monetary sector and the financial sector.
01:32That is why our task is to continue converting that wealth while keeping it anchored to the Bolivar,
01:38to strengthen our currency but also to build a financial sector that enables an ecosystem for the country's energy
01:46and technological development.
01:50A step that has the support of the private sector.
01:53Federal Industria and the Venezuelan Association of Small and Medium-sized Oil Industries highlight the positive impact of these investments
01:59on local suppliers.
02:02We see this, as economists say, as a positive externality.
02:06That is, it is something that is happening that will or may significantly boost the economy.
02:18The national economy. Strengthen public finances. Why is this?
02:22Because, essentially, this type of agreement will generate revenue for the Republic, amounting to approximately $209 billion.
02:33This amount corresponds to income tax royalty, which are estimated to be at least 16% under the new hydrocarbon
02:42law
02:43and 34% due to the income tax that is applied in our country.
02:49A framework of mutual agreements that avoids confrontation and position the nation in the global energy market,
02:56forging strategic alliances with various countries in the region and around the world to promote national development.
03:02In the camera of Marcos Da Silva, Luis Tavera, Telesur, Caracas, Venezuela.
