Türkiye, Venezuela discuss oil and gas cooperation opportunities

Turkish Energy and Natural Resources Minister Alparslan Bayraktar and Venezuela’s Vice President and Oil Minister Delcy Rodriguez on Monday discussed new opportunities for cooperation in the exploration, production and trade of natural gas and oil.

Bayraktar met with Venezuelan committee in the Turkish capital Ankara, the Turkish minister said on X.

Highlighting the importance of energy cooperation in the strong and ongoing Turkish-Venezuelan bilateral relations, Bayraktar said, ‘The memorandum of understanding we signed in Caracas last January in the fields of oil and natural gas will further improve our existing relations.’

Türkiye and Venezuela ‘agreed to take concrete steps within the framework of this agreement and to develop new cooperation in natural gas and oil exploration, production and trade,’ Bayraktar added.

Earlier this year, following a meeting with the oil-rich country’s president Nicolas Maduro in the capital Caracas, Bayraktar had pledged to deepen cooperation with Venezuela in energy and mining.

• Bayraktar
• Turkish Energy
• Turkiye
• Venezuela