Venezuela signs TotalEnergies deal in push for foreign investment into energy sector
Venezuela signed a memorandum of understanding between state oil company PDVSA and a unit of TotalEnergies, overseen by Interim President Delcy Rodriguez. The agreement is part of a series of deals with international companies as Caracas seeks foreign investment to revive its oil and gas sector. Details on the scope or value were not disclosed.
Why it matters: This matters for the foreign investment theme: Venezuela is courting international energy companies to rebuild output after years of underinvestment and sanctions.