The Executive Vice President of Venezuela and also Minister of People’s Power for Hydrocarbons, Delcy Rodríguez, announced that the country is recovering its oil production and plans to export its first molecule of natural gas in 2027. During her participation in the 9th OPEC Seminar, she stressed that Venezuela is strengthening strategic alliances with non-aligned countries in the face of Western polarization against energy-producing nations.
In her speech, the senior Venezuelan official emphasized that the country cannot be excluded from the global energy map, recalling the economic blockades it suffered between 2015 and 2017 against its hydrocarbon industry. These sanctions, according to the vice president, are part of an economic war aimed at weakening the country’s competitiveness in the energy sector.
The vice president denounced that Venezuela faces 1,041 coercive measures, many of them specifically targeting its oil industry. Rodríguez insisted that geopolitics should not interfere in global energy relations, advocating for a fair and sustainable market balance.
Alliances with Non-Aligned Countries:
Given this scenario, Venezuela seeks to strengthen cooperation with nations not aligned with Western policies. Vice President Rodríguez emphasized that the country is opening up new opportunities in a multipolar world, where strategic alliances are key to overcoming economic restrictions.
One of the most significant announcements was the plan to export gas by 2027, which would mark a milestone in the diversification of the Venezuelan energy industry. This step could consolidate Venezuela as a relevant player in the global gas market, complementing its historic oil production.
With these advances, Venezuela seeks to reaffirm its role in the energy sector and overcome the geopolitical challenges that have limited its economic growth in recent years.
The OPEC seminar, being held on July 9 and 10 in Austria, is considered one of the most important events in the energy industry, where strategic topics such as market stability, energy transition, and production policies are discussed. Venezuela’s participation reinforces its influence in key decisions in the sector.
This meeting brings together ministers, executives, and experts from member countries and allies, establishing itself as a space to strengthen alliances and analyze future oil challenges in a context of global change.
The presence of Vice President Delcy Rodríguez at the event highlights Venezuela’s commitment to OPEC and its interest in maintaining an active dialogue in defining policies that impact crude oil prices and production at an international level.