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In a significant move towards strengthening bilateral relations, Venezuela's Interim President, Delcy RodrÃguez, and Barbados' Prime Minister, Mia Mottley, held a working session focused on regional energy security. This meeting marks a pivotal step in enhancing cooperation between the two nations, primarily in the energy sector. During the discussions, Venezuela extended a formal invitation to Barbados to invest in its oil and gas fields. This initiative aims to ramp up hydrocarbon production, a critical component for both countries' economic strategies. By opening its doors to investment, Venezuela seeks to bolster its energy infrastructure and overall economic stability. However, the agenda extends beyond traditional fossil fuels. The leaders also addressed the importance of complementarity in renewable energies, highlighting plans for joint efforts in the manufacturing of solar panels. This diversification of energy sources is seen as essential for both nations, aiming to create a more sustainable energy matrix. To facilitate these ambitious projects, the delegations agreed to review existing agreements related to investment and double taxation. This collaborative approach underscores the commitment of both nations to foster a mutually beneficial relationship in energy security and investment, paving the way for future cooperation. Join the Trinidad and Tobago WhatsApp update groups: Tringlobe Media news 1Tringlobe Media ShareTringlobe Chat news groupTringlobe Media news 2Tringlobe media news 3Tringlobe Media Weather updatesTringlobe PoliticsTringlobe SportsTringlobe articles newsfeedTringlobe buy sell tradeTringlobe Media 4Tringlobe Media Official ChannelTringlobe media Traffic
In a significant move towards strengthening bilateral relations, Venezuela’s Interim President, Delcy RodrÃguez, and Barbados’ Prime Minister, Mia Mottley, held a working session focused on regional energy security. This meeting marks a pivotal step in enhancing cooperation between the two nations, primarily in the energy sector.
During the discussions, Venezuela extended a formal invitation to Barbados to invest in its oil and gas fields. This initiative aims to ramp up hydrocarbon production, a critical component for both countries’ economic strategies. By opening its doors to investment, Venezuela seeks to bolster its energy infrastructure and overall economic stability.
However, the agenda extends beyond traditional fossil fuels. The leaders also addressed the importance of complementarity in renewable energies, highlighting plans for joint efforts in the manufacturing of solar panels. This diversification of energy sources is seen as essential for both nations, aiming to create a more sustainable energy matrix.
To facilitate these ambitious projects, the delegations agreed to review existing agreements related to investment and double taxation. This collaborative approach underscores the commitment of both nations to foster a mutually beneficial relationship in energy security and investment, paving the way for future cooperation.
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