5 Hrs
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المشهد العربي
Venezuela aims to finalize 105 oil deals
Venezuela is aiming to sign 105 oil contracts before the end of the year to boost foreign investments in the energy sector. So far, the state-owned company "PdVSA" has signed 61 contracts, with 44 more still pending, most of which pertain to new fields that have not yet begun production. The government aims to increase oil production to 1.5 million barrels per day by the end of 2027, up from the current 1.2 million, as part of its efforts to strengthen the economy and maximize oil reserves.
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