Venezuelan oil, US investment of 100 billion dollars - US Secretary of Energy: Production increase by 30%
US Energy Secretary Chris Wright told oil company executives that Venezuela's production could increase by 30% from the current level of 900,000 barrels per day, executives who attended the meeting said.
Increasing crude oil production from Venezuela, which holds the world's largest reserves, is a top goal for President Donald Trump after US forces arrested Venezuelan leader Nicolas Maduro.
Wright's closed-door meeting with the leaders took place at the World Economic Forum held in Davos, Switzerland.
Years of underinvestment and sanctions have caused Venezuela's oil production to plummet. Venezuela now accounts for just 1% of global production.
Trump has said he plans to control Venezuela's oil resources indefinitely as he seeks to rebuild its ravaged industry with a $100 billion plan. So far, his administration has pulled 50 million barrels of oil from Venezuela and is selling some of it on the open market.
Trump met with more than 15 oil executives earlier this month at the White House, during which CEO Darren Woods told Trump that Venezuela would have to change its laws before it could be an attractive investment opportunity.
Council of Ministers, Erlind Sulo Deputy Minister of Infrastructure and Energy, the prefects of Durrës and Korça are dismissed
The Council of Ministers has appointed Erlind Sulon as Deputy Minister of Infrastructure and Energy. The Council of Ministers has also dismissed the two......
'Mountain Package', the Government defines development zones in Dibër, Tepelena and Memaliaj
In its last meeting, the government completed the series of decisions for the implementation of the Mountain Package. With special decisions, development......
Qeveria miraton ndërtimin e dy parqeve eolike në Korçë dhe Dibër, 55 dhe 10 megavat
Në mbledhjen e saj të fundit qeveria ka miratuar ndërtimin e dy parqeve fotovoltaike, një në Korçë dhe një në Dibër, të cilët së bashku kanë një kapacitet të......
Trump në Davos: Askush veç SHBA-së nuk e siguron Groenlandën, PE pezullon punën për marrëveshjen tregtare BE-SHBA
Një fjalim që ka zgjatur 1 orë e 10 minuta nga të cilat një orë iu kushtuan tematikave ndërkombëtare, Presidenti amerikan Trump iu drejtua një audience që......
DAVOS – Trump: I love Europe, but it's not going in the right direction
US President Donald Trump claimed today during his speech at the World Economic Forum in Davos that "Europe is not going in the right direction," according......
Albania is presented at FITUR Madrid with "Albania All Senses" — Minister Gonxhja calls for the development of year-round tourism!
At the opening of the FITUR International Tourism Fair in Madrid, the Minister of Tourism, Culture and Sports, Blendi Gonxhja, presented the Albanian......
Police warn: Beware of fraudulent websites that request fake payments for vehicle fines
The Directorate for the Investigation of Cybercrime informs citizens that the circulation of fraudulent messages (SMS) and fake links has recently been......
Challenges for energy market integration - From consumer rights to energy poverty. The measures needed
Our country must take a series of steps to integrate into the European energy market, starting from consumer rights, energy poverty or the price for emitted......
