Venezuela signed its first contract to export liquefiednatural gas (LNG), acting President Delcy Rodriguez confirmed on Saturday,noting that economic diversification and import substitution remain central tothe government’s strategy.
She explained that foreign currency earnings fromhydrocarbon exports will no longer be channeled toward importing fuel. Instead,the revenues will be allocated to social and economic development, includingthe establishment of sovereign wealth funds designed for long-term investment.Rodriguez further outlined plans to steer financing toward productive sectorssuch as agriculture, fishing, food industries and tourism, rather thanfinancial or currency speculation.
Read more: Surprise operations lead key scenarios for Iraq and the region amid US escalation
Hence then, the article about venezuela inks landmark lng export deal was published today ( ) and is available on SHAFAQ NEWS ( Iraq ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Venezuela inks landmark LNG export deal )
Also on site :
- Elvis Presley Estate Sues AI Company for Training Use of 274 ‘Iconic’ Songs Without Permission
- Michael Bloomberg’s Childhood Visits to This Museum Inspired a Lifelong Love of Learning; Now He’s Giving $155 Million in Honor of His Parents Who Took Him There
- 1989 Classic Cover, Hailed as One of Dolly Parton’s ‘Best Songs of All Time,’ Gets New Life by Reba McEntire