Mexican Pemex explores business opportunities in Venezuela

Directors of the state company Petróleos Mexicanos (Pemex) held a meeting this Friday in Caracas with their peers from Petróleos de Venezuela (PDVSA) to explore business opportunities, two weeks after a first meeting between the authorities of both companies, held in Ciudad de Mexico.

The state channel VTV showed images of today’s meeting, in which participated, among others, the executive vice president of Venezuela, Delcy Rodríguez; the president of PDVSA and Minister of Petroleum, Pedro Rafael Tellechea; the general director of Pemex, Octavio Romero; as well as the ambassadors of the bilateral relationship between both countries.

According to VTV, the objective of this meeting is to “evaluate the energy relations” between both companies, which is part of “the Government’s strategy” of establishing new alliances and forms of cooperation in oil matters.

Until now, no details of what was discussed are known, which is a continuation of the talk on December 21, when Tellechea visited Romero in Mexico and spoke of a possible “coordinated association with future projection,” as he expressed. then through X (formerly Twitter).

During his visit, the Venezuelan minister also met with the Mexican Secretary of Energy, Miguel Ángel Maciel, with whom he evaluated the “favorable conditions for the development of joint projects in hydrocarbons and new technologies.”

These approaches occur days after PDVSA signed agreements with the Korsou Refinery (Rdk) of Curacao, to reactivate commercial and financial relations, and with the Spanish energy company Repsol, with which it will reactivate joint operations in the mixed company Petroquiriquire, in which this multinational has a 40% stake. stake.

The reactivation of the Venezuelan oil market is possible after the United States temporarily lifted several of its sanctions on the country, including those related to the sector. oillast October, after an agreement between the Executive of Nicolas Maduro and the opposition in electoral matters, facing the presidential elections of 2024.