AGP Executive Report
Last update: 8 hours agoOil and Refining: Marco Rubio says Washington will discuss Venezuelan oil production and refining with India’s Reliance Industries, which can process heavy crude. He flagged sanctions and other hurdles, while pitching Venezuelan supply as a potential boost to global markets. Investment and Jobs: Venezuela expects nearly $76 billion in oil investment over five years and says 61 oil agreements are in place. The government projects its hydrocarbons law could create 324,000 jobs over a decade; service companies are also stepping up oilfield hiring. Exports: South American oil exports hit a quarterly record of 6.6 million barrels a day, with Venezuela among the producers increasing sales. Gas Projects: Trinidad and Tobago’s energy ministry says it cannot find the original Dragon gas fiscal-measurement agreement, raising questions about the project’s documentation.
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