JAKARTA - The Venezuelan government signed a memorandum of understanding in the energy sector with the United States (US) company Hunt Oil Company International and Crossover Energy Holding.
The agreement was signed at the Miraflores Palace in the presence of the interim President of Venezuela Delcy RodrÃguez.
Based on the broadcast, the document was signed by the Minister of Hydrocarbons Paula Enao and the President of the state oil company PDVSA, Hector Obregon, from the Venezuelan side, as well as representatives of the US company.
The agreement aims to develop bilateral energy cooperation as well as strengthen collaboration in the oil and gas, commercial, and mining sectors.
However, details of the projects, including the amount of potential investment and specific areas of work from the companies, have not been officially disclosed.
In recent weeks, Caracas has stepped up efforts to sign deals with foreign energy companies.
Previously, the Venezuelan government had also reached similar agreements with companies such as BP (British Petroleum based in London) and Eni (Ente Nazionale Idrocarburi from Italy) regarding the development of oil and gas projects.
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