In the presence of Venezuela’s president, Nicolás Maduro, the Venezuelan Ministry of People’s Power of Petroleum and Veneoranto Petroleum LTD, of Nigeria signed two oil agreements on Thursday in the Sol Hall of Peru, at the Miraflores Palace in Caracas. The capital of Venezuela is Carcas.
ANAMBRA – born billionaire, Arthur Eze reportedly sealing a massive oil deal in Venezuela, in the presence of President Maduro. Okwa ifuru ndi Igbo… pic.twitter.com/veWT5G0rNS
— J. C. Okechukwu (@jcokechukwu) August 9, 2024
“The agreements were initialed by the Venezuelan Oil Minister, Pedro Tellechea; and the Nigerian representative of the Veneoranto Petroleum LTD, C.A., Arthur Eze. The first agreement is the Technical and Economic Feasibility for the Development of the Barracuda Area, located in territorial waters and surface of the Gulf of Venezuela, and will be executed between both signatories. Similarly, the Agreement on Technical – Economic Feasibility for the development of the Boca de Serpiente area in the northeast of the state of Delta Amacuro was signed and will also be executed by the parties.
During the event, Veneoranto Petroleum’s representative, Arthur Eze, indicated that Africa is ready to invest in Venezuela and urged President Nicolás Maduro to “continue fighting as Hugo Chávez did. Africa is happy and knows a lot about Venezuela. We want to come here to invest, may God bless and bless his people”.
Minister Tellechea said that both areas total 30 trillion cubic feet, and clarified that «these agreements are exploratory to be able to certify those two deposits, (…) this will continue to position Venezuela as one of the gas exporting countries”. In this regard, the Venezuelan leader said that they are joining forces to dream together and build together towards the future. I am very pleased that the investment process for gas production from the Gulf of Venezuela, from the Deltana platform is being accelerated. Two gas powers from South America, the Caribbean and the world, and we will soon be exporting gas to Africa», he said.”
Arthur Eze is an oil magnate and a billionaire from Anambra State, Nigeria.
Credit: Telesur
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