Their producers seek legal certainty, investment growth and joint defense of natural resources.
On Wednesday, Venezuelan Acting President Delcy Rodriguez and representatives of the African Energy Chamber (AEC) held a meeting to deepen bilateral oil cooperation.
State-owned Petroleos de Venezuela (PDVSA) said the meeting served to assess progress on a shared energy road map. The dialogue focused especially on partnerships with the African Petroleum Producers’ Organization (APPO).
Established in 1987, this organization comprises Algeria, Angola, Benin, Cameroon, Chad, Republic of the Congo, Democratic Republic of the Congo, Côte d’Ivoire, Egypt, Equatorial Guinea, Gabon, Libya, Namibia, Niger, Nigeria, Senegal, and South Africa.
“The objective is to strengthen cooperative ties that contribute to the sovereign development of our oil and gas sectors,” PDVSA said about the meeting, underscoring the importance of technology transfer and the joint defense of natural resources.
In line with the Bolivarian Doctrine of Peaceful Diplomacy, the Venezuelan government emphasized that these alliances are grounded in mutual respect and social benefit.
The strategy seeks legal certainty by guaranteeing a stable framework for international investment under Venezuelan law; healthy trade exchange, promoting a transparent market that does not respond to hegemonic pressures; and a win-win model to ensure that the benefits of resource exploitation translate into direct well-being for the peoples of both regions.
The Caracas meeting comes at a time of geopolitical reconfiguration in which Venezuela — home to the world’s largest proven crude reserves — and African nations, with rising oil and gas potential, are seeking to shield their economies from unilateral coercive measures and volatility in international markets.
The African Energy Chamber has historically expressed interest in PDVSA’s technical expertise and in building a common front to defend producing countries’ interests in international forums.
“Venezuela is positioning itself for accelerated oil and gas growth, aiming to increase short-term production from 1.1 million barrels per day (bpd) to 1.2 million bpd, with a target of 1.5 million bpd by 2027 and a long-term return toward its installed capacity of 2.8 million bpd,” the AEC said.
“For African investors and service companies, the message is clear: There is a structured opportunity, backed by regulatory reform, defined contractual models and political commitment at the highest level,” it added.
With this meeting, Venezuela and African countries reaffirmed that the path toward sustainable development lies in technical and political cooperation based on nations’ sovereignty over their natural resources.
teleSUR/ JF
Sources: Presidential Press – APPO
0 Comentarios