Venezuela establishes Hydrocarbons Technology and Data Management Center to attract investment
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.
