Portugal highlights opportunities in energy and infrastructure in Venezuela

Portugal's Minister of Economy, Manuel Castro Almeida, emphasized the potential for Portuguese companies in Venezuela's energy and infrastructure sectors during a visit to Caracas. He highlighted the recovery of the energy sector, particularly hydrocarbons, as a key area for investment, noting the demand for equipment and technology. The minister welcomed around 30 Portuguese companies participating in the Portugal-Venezuela Business Forum, aiming to establish lasting business relationships and identify viable projects. He acknowledged challenges in trade and investment, including international banking operations and customs conditions, stressing the need for legal security and favorable economic conditions. The mission also includes representatives from the Portuguese government and AICEP.