The Venezuelan government has signed a memorandum of understanding with U.S.-based General Electric Vernova (GE Vernova) to support the recovery and modernization of the National Electric System (SEN).
After more than four months of war, the announcement of a memorandum of understanding between the United States and Iran has opened the possibility of ending a conflict that altered the strategic balance of the Middle East, paralyzed maritime traffic in the Strait of Hormuz, and shook global energy markets. However, far from representing a definitive peace, the agreement announced by Donald Trump and confirmed by Tehran appears to be only the beginning of a new and complex negotiation process
Venezuela’s National Assembly this week advanced the approval of the Law for the Promotion and Development of Venezuelan Cocoa.
Latest developments in the crisis of the National Electric System.
Venezuela’s acting president, Delcy Rodríguez, concluded an international tour that included India and Turkey.
The announcement regarding the possible reopening of Canada’s embassy in Caracas is part of a broader trend of gradual diplomatic re-engagement with Venezuela.
The Venezuelan interim president’s tour comes amid a silent transformation of the global energy market, as New Delhi seeks to diversify its supplies, Washington attempts to reduce Russia’s oil influence, and Caracas reemerges as a relevant player in Asian energy security.
When Venezuela’s interim president, Delcy Rodríguez, landed in New Delhi on June 3, 2026, she did so against the backdrop of one of the most significant transformations of the international energy system since Russia’s invasion of Ukraine.
The inauguration of the new Hydrocarbons Technology and Data Management Center, the sustained increase in oil exports, and ongoing negotiations with major international companies such as Chevron, ExxonMobil, and ConocoPhillips reflect a new phase for Venezuela’s energy industry. The government aims to combine technological modernization, greater transparency in the management of strategic information, and regulatory reforms designed to attract foreign capital to a sector that requires billions of dollars in investment to restore its productive capacity.
Following the events of January 3, which marked a turning point in Venezuelan politics and the international perception of the country, questions inevitably arise about the future of Venezuela’s relationship with various extra-regional actors.
The Venezuelan administration announced an economic program built around four strategic pillars aimed at stabilizing the economy, reviving productive sectors, reorganizing public finances, and opening the door to a new relationship with multilateral organizations and international markets.
