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Venezuela oil industry wants Barbados investment

Thu, Apr 30, '26 at 5:40 PM

Venezuela's acting President Delcy Rodríguez has extended an invitation to Barbados to explore investment opportunities in Venezuela's oil and gas industry. This proposal aims to deepen economic an...

Trinidad Guardian

+5

Thu, Apr 30, '26 at 5:57 PM

@Che

Barbados' nominal GDP is projected to reach approximately $8.48 billion USD by the end of 2026

 The required investment for Venezuela's oil sector is immense, with estimates suggesting 100 billion dollars . 10 billion per year just to restore production to previous levels.Barbados,does not possess the significant financial capital required to independently fund Venezuela's large-scale oil development.

Venezuelan leadership has invited Barbados to explore energy cooperation, such initiatives primarily aim to forge trading links.  International firms and major powers like the U.S. and China are the primary players in Venezuelan oil.

Are you selling nutmeg in Grenada to help Mia invest?