Venezuela invited to G20 energy talks as US deepens Caracas engagement
A Venezuelan delegation is expected in Houston this week as disrupted supplies and higher oil prices intensify pressure on energy markets.
Venezuela is expected to take part in G20 energy meetings in Houston, Texas, this week after an invitation from the United States, according to US officials cited by France 24 International.
The delegation is expected to include Oil Minister Paula Henao and Jovanny Martinez, vice-president of state oil company PDVSA. The meetings will continue through Wednesday and bring together G20 delegations and major oil producers.
The talks come as conflict-related disruption and rising oil prices place pressure on global energy supplies. Europe is also seeking to replenish gas storage facilities before winter amid wider market disruption.
The US administration is seeking to increase Venezuelan oil output while expanding opportunities for US companies in Venezuela. The invitation follows a reported 28 August deal involving majority US control of 65 billion barrels of proven petroleum reserves, though the source material does not detail the agreement’s precise terms or legal status.
Analysts cited in the report have cautioned that any substantial increase in Venezuelan production could take years. Russian officials have indicated that Moscow will also send representatives, but its attendance has not been confirmed.
