The Executive Vice President of the Bolivarian Republic of Venezuela, Delcy Rodríguez Goméz, announced this Wednesday the decision by the Head of State, Nicolás Maduro Moros, to change the name of the Ministry of People’s Power of Petroleum to the Ministry of People’s Power of Hydrocarbons, with the aim of giving a special boost to the industry of the sector.

The information was released on her Telegram channel, where she thanked President Maduro for the strategic turn that positions Venezuela towards the future with great hope for national development.

As of today we are the Ministry of People’s Power of Hydrocarbons! We thank President Maduro for creating and promoting a new comprehensive vision that encompasses our enormous reserves of oil, gas; as well as petrochemicals and the incorporation of artificial intelligence to make our production processes more efficient. With this strategic shift, Venezuela looks to the future with great hope because we are a country that is an energy power for national development,” said Rodríguez.

The Minister of People’s Power for Hydrocarbons also added audiovisual material of the meeting held with the Board of Directors of Petróleos de Venezuela S.A. (PDVSA) and the Board of Directors of the ministry.

With this new name, the Bolivarian Government reaffirms its commitment to the development of a modern and sustainable energy sector, capable of boosting the country’s economic growth and guaranteeing energy supply to the population.