Venezuela has signed an agreement between the state-owned oil company Petroleos de Venezuela, PDVSA, and a U.S. oil company, which is intended to improve oil production in the South American country.
The document was signed by the Minister of Popular Power for Petroleum, Nelson Martinez, and the chairman of Oklahoma-based Horizontal Well Drillers, Todd Swanson, at the Miraflores Palace in Caracas.
The agreement proposes a joint venture for the development of oil in Venezuela. Martinez announced that the deal will include an initial investment of US$200 million for a three-year project, which will eventually be expanded to US$1.3 billion.
“We discussed the creation of two work teams to initiate in the next 90 days a joint plan identifying opportunities, defining levels of investment and creating at least one joint venture in that time,” Martinez said.
During the ceremony, Venezuelan President Nicolas Maduro said the strategic alliance will strengthen the technology of the PDVSA.
He added that Venezuela is a country whose Constitution and laws create conditions of security and legal stability for these agreements, citing deals signed with China, India, Russia and other nations as examples.
“I invite all U.S. capital in all areas of economy and energy to come to Venezuela. We are ready to broaden the horizons of all investments,” Maduro said.
Maduro also reiterated his willingness to establish respectful relations with U.S. President Donald Trump, despite political and ideological differences.
“I hope the gates will open for a relationship of respect and height between the United States and the Venezuelan government.”
PFLP: Jerusalem Attack Achievement of Palestinian Resistance
The Marxist-Leninist Popular Front for the Liberation of Palestine says the recent attack on two Israeli policemen in Jerusalem’s Old City is a “qualitative achievement of Palestinian resistance.”
The armed left-wing resistance group called the three Palestinian citizens who had waged the attack martyrs. The incident left the three dead, along with two Israeli occupation forces.
“…This operation is a breakthrough in the security cordon imposed by the Israeli occupation forces on the city of Jerusalem and Al-Aqsa, breaking the arrogance of the Zionist security which sees in the city and in Al-Aqsa an impenetrable fortress,” the group stated.
PFLP salutes Jerusalem operation as qualitative achievement of Palestinian resistance
The Popular Front for the Liberation of Palestine saluted the heroic operation carried out by three young strugglers in the courtyards of Al-Aqsa Mosque on Friday morning, which led to their martyr…
The Front added that the “heroic operation” has sent “a strong message to the occupation soldiers and the criminal Zionist government that their measures and attacks against the Palestinian people will only be met by more operations and resistance.”
In the wake of the attack, Israeli police forces closed down the Al-Aqsa mosque – the third holiest site in Islam – for the first time since 1967.
The thousands who come to the mosque every Friday for prayers were turned away, and forced to pray in the streets under the close watch of armed Israeli forces.
Hamas also condemned Israel’s closing down of the Mosque, stating that the site had become a “religious war” against Palestinians’ places of worship.
Ma’an, the Palestinian media outlet, reported that around 60 worshipers who were at the Mosque around the time of the attack were detained and interrogated, along with 15 of the mosque’s guards.
“What happened earlier is now being taken advantage of by the Israeli right to impose a new reality in Al-Aqsa mosque,” a worshiper told Al-Jazeera.