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Venezuela’s interim president Delcy Rodriguez said on Sunday the country should not fear pursuing energy ties with the United States, as Caracas seeks to expand oil and gas production and attract foreign investment.
Speaking at an event with oil workers at state oil company PDVSA’s Puerto La Cruz refinery in Anzoategui state, Rodriguez said Venezuela needed to engage openly on energy cooperation with global partners.
“We must not be afraid of the energy agenda, neither with the United States nor with the rest of the countries in the world,” she said.
Rodriguez also voiced support for proposed changes to Venezuela’s hydrocarbons framework, saying the reforms were aimed at boosting productivity and drawing large amounts of domestic and international investment to develop the country’s reserves.
Venezuela’s National Assembly approved the proposed reform in an initial vote on Thursday, with a second debate still required for final approval.
Under the proposal, a new contract model would allow foreign and local companies to operate oilfields, market production and receive proceeds from sales, even when acting as minority partners alongside state oil firm PDVSA.
The reforms come as Venezuela seeks to revive its energy sector after years of underinvestment, sanctions and declining output.
The involvement of Yemen’s Houthis has heightened regional tensions as the Iran-aligned group joins the conflict. The U.S. says it is hopeful of holding talks with Iran in the coming days, while Tehran has said that "talking and bombing is intolerable". Welcome to our live coverage of the conflict.
Two months after Indian negotiators worked in January to secure relief from punitive U.S. tariffs on the country’s exports and New Delhi moved to cut back its purchases of Russian crude oil, India and Russia are stepping up their energy ties once again, according to Reuters.
The United Arab Emirates has told the U.S. and other Western allies that it is willing to participate in a multinational maritime taskforce aimed at reopening the Strait of Hormuz, the Financial Times reported on Friday, citing people familiar with the matter.
Turkish military personnel participating in NATO’s mission in Iraq have been “successfully” withdrawn from the country, the Turkish Defence Ministry announced on Thursday.
Hamas would have to allow its vast network of tunnels in Gaza to be destroyed as it gives up its weapons over eight months, under a disarmament plan drawn up by the U.S. President Donald Trump’s Board of Peace.
Nepal’s ousted former prime minister, KP Sharma Oli, and former home minister Ramesh Lekhak have been arrested over alleged negligence linked to the deaths of protesters during anti-corruption demonstrations last September.
China is moving ahead with plans to establish a nationwide long-term care insurance system, aimed at supporting its rapidly ageing population and easing the financial burden on families caring for elderly relatives.
The U.S. Congress failed on Friday (27 March) to resolve a six-week funding impasse that has disrupted airports and left tens of thousands of federal workers without pay, raising fears of further travel chaos during the busy spring break period.
Tiger Woods, the former world number one golfer, has been released from custody after being arrested on suspicion of driving under the influence following a crash in Florida, police said.
Turkish military personnel participating in NATO’s mission in Iraq have been “successfully” withdrawn from the country, the Turkish Defence Ministry announced on Thursday.
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