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المشهد العربي
Washington and Caracas agree on resource development
Washington and Caracas signed new agreements to strengthen the oil and gold sectors in Venezuela on the sidelines of the G20 summit. The agreements included a memorandum of understanding with the National Petroleum Company aimed at developing a field in the Orinoco Basin, which holds estimated reserves of around 30 billion barrels of oil—approximately 10% of the country's total reserves. An agreement was also reached with Heni Capital to develop gold extraction projects within Venezuelan territory. Officials confirmed that these understandings represent a historic step toward improving bilateral relations and transforming the region into a global energy hub.
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