After three years, Chevron has made a new sale. This time, the Indian company Reliance Industries is involved, thanks to a license granted by the United States that allows it to manage and trade Venezuelan oil, a strategy that also helps these companies avoid becoming solely dependent on this product from other nations. This is gradually encouraging other commercial players such as Vitol to even consider the possibility of entering into direct contracts with PDVSA.
But it is not only oil that is gaining prominence, as government sources themselves are making arrangements and plans related to increased gold production. It is even estimated that this boom will be of a considerable percentage that could surely arouse more interest than is usually seen when talking about gold. As we can see, these are a couple of news items that could become more prominent as the days go by, while the Venezuelan economy continues to be in constant flux and heading toward old scenarios that seemed forgotten for a time. It could be said that even this economy is on track, for now, with a dark yet metallic yellow tone that could captivate anyone.
The Caracas Stock Exchange recorded a slight decline of 0.79%, which is not enough to cause concern or alarm given that the trend continues to accelerate. Envases Venezolanos is already beginning to make a name for itself among the most traded stocks, which will surely attract others to join in this economic respite that is gradually developing positively in the country. With only two days left until the end of the week, these figures and news are sure to increase the interest of those involved and those who are yet to take that step or leap of faith, as some also refer to it.
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Translator: DeepL
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This seems like a good opportunity for these foreign companies, and there are signs of recovery for Venezuela. Hopefully, this financial improvement will materialize and provide some relief to the country and its people.
And the best part is that every day, as more information is generated, people's spirits also rise 👍
There has been a lot of chaos recently on crude oil purchase and now US has given go ahead to Reliance to buy from Venezuela and stop from Russia. Can't say how it turn out to be in the future so let's see
That's right. In light of these developments, the reality is that expectations and information are generating a lot of attention 👍