Venezuela Sees $76B in Oil Sector Investment
Venezuela expects to attract $76 billion in investments in the oil and gas sectors over five years, through the signing of 61 agreements, including one with the United States that involves the operation of 250 drilling platforms. It has been confirmed that these investments will create approximately 324,000 jobs and help revitalize the national economy, with oil production in Zulia state increasing from 70,000 to 370,000 barrels per day. It is also projected to reach 400,000 barrels daily by the end of the year, with liquefied natural gas production in the state set to begin next year.
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