Reuters: China Concord Strengthens Oil Presence in Venezuela with Floating Platform in Lake Maracaibo

The arrival of the floating platform Alula in Lake Maracaibo marks a new chapter in energy cooperation between China and Venezuela. The project, valued at $1 billion and led by China Concord Resources Corp (CCRC) in partnership with Petróleos de Venezuela (PDVSA), aims to revive production in the Lago Cinco and Lagunillas Lago fields, with a target of 60,000 barrels per day by 2026.

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The Shanghai Cooperation Organization Summit Marks a New Geopolitical Pulse

The recent Shanghai Cooperation Organization (SCO) Summit, held in China, became a highly relevant geopolitical event that transcends the borders of Central Asia. The meeting brought together leaders of major powers and emerging countries, consolidating the SCO as a space for dialogue and coordination that seeks to offer alternatives to the international order that emerged after World War II.

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